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Almond futures declines on profit-taking

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Press Trust of India New Delhi

Almond declined by Rs 10.25 to Rs 333.25 per kg in futures trade today, as traders and speculators indulged in booking profit at existing higher levels, driven by sluggish demand in spot market.

On the Multi Commodity Exchange counter, almond for the current-month contract declined by Rs 10.25, or 2.98 per cent, to Rs 333.25 per kg, with an open interest of one lot.

Traders said the fall in almond was due to traders and speculators, who indulged in booking profit at existing higher levels, driven by subdued demand in the spot market.

 

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First Published: Oct 26 2010 | 4:06 PM IST

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