Ex-warehouse Kandla, Exclusive of Sales Tax

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

Yellow soybean meal of grade:

1. Expander type
2. Flaker type

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

20th day of the delivery month

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.

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

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

As per launch calendar

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

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 from urea and/or other chemical substance.

Special margin of 5% of the value of the contract whenever the rise or fall in price from the first day's closing price of 20% payable by buyer or seller depending on whether prices rise or fall respectively. The margins shall stay in force so long as price stays beyond the 20% limit and will be withdrawn as soon as the price is within the 20% band.