Almond futures remain weak on profit booking

Almond lost Rs 1.25, or 0.42 per cent, to Rs 297.25 per kg, in futures trade today as speculators engaged in booking profits at prevailing higher levels.

Increased arrivals in the spot market against subdued demand also put pressure on the almond prices. At the Multi Commodity Exchange, almond for current-month June contract fell by Rs 1.25, or 0.42 per cent, to Rs 297.25 per kg, with an open interest of 134 lots.

However, almond for delivery in far-month September contract held steady at Rs 320.50 per kg, with a trading volume of 14 lots.

Traders said apart from profit-booking, subdued demand in the spot market, also led to a fall in almond prices at the future market.

They said lower overseas advices also influenced the trading sentiment to some extent, they said.