Almond tumble 2.70% on sluggish demand

Adequate supply also took prices lower

In range-bound trade, almond prices tumbled by 2.70% to Rs 415 per kg in futures trade today largely in line with a weak trend in spot markets due to slackened demand.

In addition, availability of adequate stocks in the physical market also put pressure on almond prices.

At the MCX, almond for delivery in June plunged by Rs 11.50, or 2.70%, to Rs 415 per kg, with an open interest of single lot.

Market analysts said off-loading of positions by speculators amid a weak trend at spot market on fall in demand against adequate supply, mainly kept pressure on almond prices at futures market.