Almond futures fall on sluggish demand

In a range bound trading, almond prices fell by Rs 6.75 or 2.10 per cent to Rs 315 per kg in futures trade today on sluggish demand in the spot market against adequate stocks position.

At the Multi Commodity Exchange counter, almond for June contract fell by Rs 6.75, or 2.10 per cent to Rs 315 per kg, with an open interest of 134 lots.

However, almond for delivery in September contract held steady at Rs 336.25 per kg, with a business turnover of two lots.

Marketmen said sluggish demand in the spot market against adequate stocks position led to a fall in almond prices at futures trade.