Groundnut oil gains afresh on good festival demand Groundnut oil gained fresh ground on the oil,oilseeds market here today. Castorseed and its oil ruled weak in the ready delivery while prices recovered modestly in the forward market. Oil prices climb despite Saudi call for hike in output Oil prices moved higher again as the market seemed undeterred by reports that OPEC kingpin Saudi Arabia would work with other producers for a "suitable rise" in production to restore market balance. Strong dollar dampens gold, boosts cocoa Currency factors held sway in both the European gold and cocoa markets, while the industrial metals continued to move higher on fund buying. Copper futures prices rise to near three-year high Oil stays above $33 per barrel on supply concerns Sugar output in current season put at 180 lakh tonne Vanaspati imports from Nepal likely to touch 1.2 lakh tonnes Jittery OPEC stays its hand on crude oil prices Plea for framing regulations on imported teas
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