Almond down 0.97% on sluggish demand

Fresh arrivals from overseas markets put pressure on the price

Almond prices drifted by Rs 4.50 to Rs 460 per kg in futures trade today as speculators tracking a weak trend at spot market offloaded their positions.

At the Multi Commodity Exchange, the January contract fell by Rs 4.50, or 0.97% to Rs 460 per kg in a single lot.

Market analysts said sluggish demand in the spot market against fresh arrivals from overseas markets, mainly put pressure on almond prices.