The Karachi Port handled 111,156 tonnes of cargo including 90,716 tonnes import and 20,440 tonnes export cargo during last 24 hours ending at 0700 hours on Friday. The cargo comprised of 79,118 tonnes dry and

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Alcan Inc has agreed to sell its ferroalloy business to Spain's Ferroatlantica SL for more than 100 million euros ($136.3 million or C$164.2 Canadian), the world's second biggest aluminium producer said on Thursday. The planned

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Zinc futures jumped to their highest in seven years on Thursday, anticipating a widening global supply deficit in 2005 - the third successive annual shortfall. Fast-growing China has switched to a net importer of zinc

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Silver output in Mexico, the world's largest producer of the metal, fell to 237,777 kilograms in October, down 12.6 percent from the same month last year, the government said on Thursday. Gold output fell 13.8

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Corn futures at the Chicago Board of Trade closed higher on Thursday after an early fall to two-week lows as soy tumbled, traders said. Traders said the corn market gained in late dealings because commodity

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Chicago Board of Trade wheat futures closed firm on Thursday, near the day's highs, on late buying by large commodity funds and an upturn in soyabean futures, traders said. CBOT wheat settled 3-1/2 to 8

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Brazil's government is spending an extra 1.5 million reais (US $565,000) to fight Asian soyabean rust disease by training producers to take control measures, the agriculture ministry said Friday. The airborne fungus, which can cut

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Vietnam may face fresh outbreaks of the deadly H5N1 bird flu virus next month as poultry is transported around the country ahead of the Lunar New Year celebrations in February, the World Health Organisation said.

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China's Angang New Steel Co Ltd said on Friday it would buy major iron, steel and other assets from its parent for 18.02 billion yuan (US $2.18 billion) to help it cut raw material costs.

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Steady trend was seen on the forward cottonseed oilcake market as prices showed modest increase in the current levels, dealers said on Friday. The January vaida opened with 70 paisa fall at Rs 395.10. Later,

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