Karachi interbank rates on Monday (February 21, 2005). ============================================================================================== Interbank Rate Monday (February 21, 2005) ============================================================================================== 1 Week 2 Week 1 Month 3 Month 6 Month 9 Month 12 Month ---------------------------------------------------------------------------------------------- BID ASK BID ASK

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Drought over Brazilian southern soyabean belt in recent months has erased 4 percent of the country's expected crop output, the latest field study of grains consultants AgRural said on Monday. Brazil's overall 2004/05 soyabean forecast

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China expects the export price of metallurgic coke, a key material for steelmakers, to rise as much as 24 percent this year as a result of strong world demand and fewer exports, the China Daily

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Futures improved with steep gains on the forward cottonseed oilcake market on Monday amid tight supply position, dealers said. The March vaida opened unchanged at Rs 427.50, which proved to be day's lowest at the

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Modest trading was seen on the cotton market on Monday as mills continued sporadic buying to cover their near-term requirements, relevant sources said. The official spot rate remained unchanged at Rs 2175, without upcountry expenses.

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Thai rubber futures ended lower on Monday on a technical correction after a higher close on Friday, brokers said. Overall volume rose as 141 contracts of benchmark ribbed smoked sheet number three (RSS3) were traded

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Firmer trend was witnessed on the grain markets on Monday as most of the commodities maintained their pre-holidays levels due to balanced demand and supply position, dealers said. On the cereal side, most of the

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Chinese copper futures fell on Monday, dogged by lower global prices and an increasingly bearish domestic physical market. But Shanghai's copper futures continued to outperform the London Metal Exchange's benchmark three-month contract, which - despite

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Tokyo gold futures inched up on Monday, extending gains for a ninth straight day on a weak yen in range-bound, thin trade that lacked firm direction due to a market holiday in the United States.

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Indian bullion futures lower on Monday in line with the global trend, but refined soyoil and soybean futures edged up on concerns about the domestic mustard crop, brokers and traders said. Sugar contracts rose on

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