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FE Home- Commodities - Story

Almond futures recover on short-covering

Agencies
Posted: Thursday, May 28, 2009 at 1135 hrs IST
Updated: Thursday, May 28, 2009 at 1135 hrs IST

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New Delhi: Almond prices rose by 0.38 per cent in early trade on the Multi Commodity Exchange after traders enlarged their positions, driven by pick up in demand in spot markets amid restricted arrivals from producing regions.

At 1040 hrs, almond for delivery in September contract was trading 0.38 per cent higher at Rs 330.75 per kg at MCX counter. The contract recorded turnover of 99 lots.

According to experts said short-covering by speculators, driven by emergence of demand in the physical markets, mainly attributed rise in almond prices at futures market.

More from Commodities

Work stalled in western UP sugar mills Select edible oils up on retailers buying Gram rises on strong demand, tight supply Govt won't import rice as of now: Sharma Crude palm oil remains up on demand expectations Barley futures slip on selling pressure Cardamom marginally up on spot demand Rice deals above 10k tonnes

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