Almond futures down on subdued demand

In range-bound trading, almond prices declined by Rs 2 to Rs 330.50 per kg in futures trade today, as traders reduced their positions due to sluggish demand in the spot market.

Adequate stocks positions in the physical market also put pressure on the almond prices.

At the Multi Commodity Exchange counter, almond for September-month declined by Rs 2, or 0.60 per cent, to Rs 330.50 per kg in just one lot.

Marketmen said positions reduced by traders due to subdued demand in the spot market, led to a fall in almond prices at futures trade.