Almond futures tumble 2.70 pc on sluggish demand
In range-bound trade, almond prices tumbled by 2.70 per cent to Rs 415 per kg in futures trade today largely in line with a weak trend in spot markets due to slackened demand.
By PTI | Updated:
NEW DELHI: In range-bound trade, almond prices tumbled by 2.70 per cent to Rs 415 per kg in futures trade today largely in line with a weak trend in spot markets due to slackened demand.
In addition, availability of adequate stocks in the physical market also put pressure on almond prices.
At the Multi Commodity Exchange, almond for delivery in June plunged by Rs 11.50, or 2.70 per cent, to Rs 415 per kg, with an open interest of single lot.
Market analysts said off-loading of positions by speculators amid a weak trend at spot market on fall in demand against adequate positions, mainly kept pressure on almond prices at futures market.
In addition, availability of adequate stocks in the physical market also put pressure on almond prices.
At the Multi Commodity Exchange, almond for delivery in June plunged by Rs 11.50, or 2.70 per cent, to Rs 415 per kg, with an open interest of single lot.
Market analysts said off-loading of positions by speculators amid a weak trend at spot market on fall in demand against adequate positions, mainly kept pressure on almond prices at futures market.
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