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Soybean Meal(Export)

Country/Region china
Company Shree Laxmi Associates (P) Ltd.
Categories Soybean Extract
ICP License Issued by the Chinese Ministry
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    Soybean Meal(Export)

    <<< Shree Laxmi Associates Pvt. Ltd. >>>

    Description :

    Moisture :11% basis
    Protein: 48% basis
    Fiber: 6%(Max)
    Sand/Silica: 2% basis
    Urease (by EEC method):0.30 units basis

    Quantity variation+/- 2%
    Delivery center

    Kandla (within a radius of 50 km from the municipal limits)

    Deliverable grades

    Yellow soybean meal of grade:
    1. Expander type
    2. Flaker type

    Trading hours

    As per directions of the Forward Markets Commission from time to time, currently-

    • Mondays through Fridays: 10:00 a. m. to 5:00 p.m.
    • Saturdays: 10.00 a.m. to 2.00 p.m.
    The Exchange may vary the above timing with due notice
    Due date/Expiry date

    20th day of the delivery month

    If 20th happens to be a holiday, then previous trading day. If 20th happens to be a Saturday or a Sunday then the due date shall be the immediately preceding trading day of the Exchange, other than a Saturday
    Delivery specification

    Upon expiry of the contracts, if any seller with open position desires to give delivery at a particular delivery center, then the corresponding buyer with open position as matched by the process put in place by the Exchange shall be bound to settle by taking physical delivery.

    Closing of contract

    On the expiry of the contract, all outstanding positions not resulting in giving/taking of physical delivery of the commodity shall be closed out at the Final Settlement Price announced by the Exchange

    Opening of contracts

    Trading in any contract month will open on the 10th day of the month. If the 10th day happens to be a non-trading day, contracts would open on the next trading day

    No. of active contracts

    As per launch calendar

    Price limit

    Daily price limit of 2% provided that there will be a cooling period of 15 minutes after the trade hits the prescribed daily price limit. Thereafter the price band will be raised by another 50 % of the existing limit - upto 4 % and trade will be resumed. If the price hits the revised price band again during the day, no trade/ order shall be permitted beyond the revised limit during the day

    Position limitsMember levelMaximum of 60,000 MT or 15 % of Market Open Position in the commodity, whichever is higher
    Client level: 20,000 MT
    The above limits will not apply to bona fide hedgers. For bona fide hedgers, the Exchange will, on a case to case basis, decide the hedge limits. Please refer circular no. NCDEX/TRADING-100/2005/219 dated October 20, 2005
    Near month limit (The following limits would be applicable from 28 days prior to expiry date of a contract)
    Member Level: Maximum of 15,000 MT or 15 % of total near month Open Position in the commodity, whichever is higher
    Client Level: 5,000 MT

    Quality variations shall be accepted with discounts as under:
    Moisture: From 11% to 12%-accepted at 1:1 or part thereof.
    Above 12% rejected.
    Protein: From 48% to 46%- accepted at 1:1 or part thereof.
    Below 46% rejected.
    Oil: Above 1.5% rejected
    Fiber: Above 6% rejected
    Sand/Silica: From 2% to 2.5%- accepted at 1:1 or part thereof,
    Above 2.5% rejected.
    Urease activity: From 0.3 units to 0.35 units accepted at 0.1% for every 0.01 unit increase in Urease activity,
    Above 0.35 units rejected.
    Free from pesticide (especially organochlorine compound group e.g. DDT, dieldrin including aldrin and heptachlor)

    Free from poisonous seeds and/or foreign seeds, free from castor seeds and/or husk, free from lumps, free from weevils, free

    Quality Soybean Meal(Export) for sale
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