Almond futures up on spot demand

NEW DELHI: Almond futures prices on Wednesday rose by 2.99 per cent to Rs 482.75 per kg as speculators enlarged their positions, tracking a firming trend at spot market on pick-up in demand.

At the Multi Commodity Exchange, almond for delivery in June rose by Rs 14, or 2.99 per cent, to Rs 482.75 per kg in business turnover of just one lot.

Market analysts said speculators enlarged their positions, tracking a firming trend at spot market on pick-up in demand, mainly pushed up almond prices at futures trade.

They said speculators also hoped the weak rupee would make import of almond costlier and indulged in buying at current levels.