Almond falls on profit-booking

June contract sheds 0.3% as speculators exit at higher levels

Almond prices fell by Rs 1.25 to Rs 402.25 per kg in futures trade today as traders indulged in booking profits at higher levels.

Weak demand in the spot markets also put pressure on the almond prices at futures market.

At the Multi Commodity Exchange, almond for delivery in June fell by Rs 1.25, or 0.31%, to Rs 402.25 per kg, with a business volume of a single lot.

Marketmen said profit-booking by speculators and a weak trend in spot markets on subdued demand mainly led to a fall in almond prices at futures market.