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Friday, September 1, 2000

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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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