|| Shree Mumba Devi Prasanna ||


AGMARKNET
16 Jun 2021
Wheat : 147 Average Max Price: 1900 Min Price: 1625   |   Wheat : Bansi Max Price: 1901 Min Price: 1600   |   Wheat : Maharashtra 2189 Max Price: 2700 Min Price: 1200   |   Wheat : Sharbati Max Price: 5300 Min Price: 2300   |   Wheat : Red Max Price: 2650 Min Price: 1750   |   Wheat : White Max Price: 3242 Min Price: 3242   |   Wheat : Local Max Price: 2800 Min Price: 2000   |   Paddy(Dhan)(Common) : Paddy Max Price: 2500 Min Price: 1890   |   Paddy(Dhan)(Common) : Sona Max Price: 2592 Min Price: 2524   |   Paddy(Dhan)(Common) : Sona Mahsuri Max Price: 1732 Min Price: 1219   |   Paddy(Dhan)(Common) : Paddy Medium Max Price: 2020 Min Price: 1500   |   Rice : 1009 Kar Max Price: 3160 Min Price: 3160   |   Rice : CR 1009 (Coarse) Boiled Max Price: 5600 Min Price: 3800   |   Rice : Medium Max Price: 6000 Min Price: 4000   |   Rice : Broken Rice Max Price: 2600 Min Price: 2200   |   Rice : Hansa Max Price: 4000 Min Price: 3550   |   Maize : Deshi Red Max Price: 2300 Min Price: 1100   |   Maize : Hybrid/Local Max Price: 2000 Min Price: 1500   |   Maize : Local Max Price: 1753 Min Price: 1380   |   Maize : Yellow Max Price: 1725 Min Price: 1200   |   Jowar(Sorghum) : Jowar ( White) Max Price: 3500 Min Price: 1100   |   Jowar(Sorghum) : Red Max Price: 2621 Min Price: 1000   |   Bengal Gram(Gram)(Whole) : Average (Whole) Max Price: 5900 Min Price: 3700   |   Bengal Gram(Gram)(Whole) : Jawari/Local Max Price: 5100 Min Price: 2808   |   Bengal Gram(Gram)(Whole) : Kabul Small Max Price: 6000 Min Price: 6000   |   Black Gram (Urd Beans)(Whole) : Black Gram (Whole) Max Price: 4201 Min Price: 4201   |   Green Gram (Moong)(Whole) : Green (Whole) Max Price: 9400 Min Price: 3400   |   Green Gram (Moong)(Whole) : Hybrid Max Price: 4302 Min Price: 4302   |   Groundnut : Big (With Shell) Max Price: 6109 Min Price: 3000   |   Groundnut : Gungri (With Shell) Max Price: 5898 Min Price: 3385   |   Groundnut : Balli/Habbu Max Price: 5179 Min Price: 2695   |   Groundnut : Gejje Max Price: 5709 Min Price: 2270   |   Groundnut : Natte Max Price: 5849 Min Price: 3309   |   Sesamum(Sesame,Gingelly,Til) : Gajjar Max Price: 6400 Min Price: 6400   |   Sesamum(Sesame,Gingelly,Til) : White Max Price: 14500 Min Price: 5600   |   Soyabean : Yellow Max Price: 8900 Min Price: 4000   |   Soyabean : Soyabeen Max Price: 6780 Min Price: 5500   |   Sunflower : Sunflower Max Price: 6110 Min Price: 4889   |   Cotton : Varalakshmi (Ginned) Max Price: 4500 Min Price: 2800   |   Cotton : GCH Max Price: 6200 Min Price: 6200   |   Apple : Simla Max Price: 13000 Min Price: 6000   |   Apple : Apple Max Price: 17000 Min Price: 8800   |   Orange : Orange Max Price: 11000 Min Price: 9000   |   Banana : Khandesh Max Price: 1250 Min Price: 450   |   Banana : Nendra Bale Max Price: 2000 Min Price: 1000   |   Banana : Pachha Bale Max Price: 2000 Min Price: 400   |   Banana : Elakki Bale Max Price: 3000 Min Price: 1000   |   Mango : Totapuri Max Price: 2200 Min Price: 700   |   Mango : Hapus(Alphaso) Max Price: 16000 Min Price: 4000   |   Mango : Raspuri Max Price: 4500 Min Price: 3000   |   Mango : Malgoa Max Price: 8000 Min Price: 6000   |   Mango : Neelam Max Price: 5000 Min Price: 800   |   Mango : Badami Max Price: 6000 Min Price: 2500   |   Mango : Keshar Max Price: 4000 Min Price: 2000   |   Pineapple : Pine Apple Max Price: 3500 Min Price: 1000   |   Grapes : Black Max Price: 3000 Min Price: 2000   |   Grapes : White Max Price: 6500 Min Price: 4500   |   Onion : Red Max Price: 2300 Min Price: 100   |   Onion : Beelary-Red Max Price: 2400 Min Price: 2000   |   Onion : White Max Price: 1600 Min Price: 1300   |   Onion : Local Max Price: 2100 Min Price: 700   |   Onion : Hybrid Max Price: 2000 Min Price: 1800   |   Onion : Onion Max Price: 2000 Min Price: 500   |   Onion : Puna Max Price: 2400 Min Price: 500   |   Onion : Telagi Max Price: 1900 Min Price: 500   |   Potato : Local Max Price: 2000 Min Price: 1200   |   Potato : Potato Max Price: 2000 Min Price: 1000   |   Garlic : Garlic Max Price: 6000 Min Price: 3800   |   Bajra(Pearl Millet/Cumbu) : Hybrid Max Price: 2100 Min Price: 1402   |   Bajra(Pearl Millet/Cumbu) : Local Max Price: 1460 Min Price: 1460   |   Ragi (Finger Millet) : Fine Max Price: 3000 Min Price: 2800   |   Ragi (Finger Millet) : Local Max Price: 2420 Min Price: 2380   |   Cauliflower : Local Max Price: 2000 Min Price: 800   |   Cauliflower : Cauliflower Max Price: 3500 Min Price: 1000   |   Brinjal : Round Max Price: 1600 Min Price: 800   |   Brinjal : Round/Long Max Price: 1000 Min Price: 800   |   Brinjal : Brinjal Max Price: 2600 Min Price: 800   |   Black pepper : Malabar Max Price: 40199 Min Price: 37599   |   Turmeric : Rajapuri Max Price: 6511 Min Price: 4476   |   Turmeric : Turmeric Stick Max Price: 15000 Min Price: 7800   |   Methi Seeds : Methiseeds Max Price: 10000 Min Price: 3000   |   Arhar (Tur/Red Gram)(Whole) : Arhar (Whole) Max Price: 6566 Min Price: 2025   |   Arhar (Tur/Red Gram)(Whole) : Red Max Price: 6403 Min Price: 5635   |   Green Peas : Green Peas Max Price: 11800 Min Price: 11000   |   Safflower : Safflower Max Price: 5190 Min Price: 3726   |   Chikoos(Sapota) : Sapota Max Price: 4000 Min Price: 1000   |   Papaya : Papaya Max Price: 2000 Min Price: 800   |   Water Melon : Water Melon Max Price: 2000 Min Price: 400   |   Mousambi(Sweet Lime) : Mousambi Max Price: 12000 Min Price: 8000   |   Tomato : Local Max Price: 1600 Min Price: 300   |   Tomato : Hybrid Max Price: 700 Min Price: 400   |   Tomato : Tomato Max Price: 1500 Min Price: 200   |   Bitter gourd : Bitter Gourd Max Price: 5000 Min Price: 2000   |   Bottle gourd : Bottle Gourd Max Price: 2000 Min Price: 500   |   Ashgourd : Ashgourd Max Price: 1000 Min Price: 800   |   Bhindi(Ladies Finger) : Bhindi Max Price: 3200 Min Price: 1300   |   Green Chilli : Green Chilly Max Price: 3200 Min Price: 1200   |   Chilly Capsicum : Chilly Capsicum Max Price: 2000 Min Price: 1200   |   Banana - Green : Banana - Green Max Price: 3000 Min Price: 1500   |   Cowpea (Lobia/Karamani) : Cowpea (Whole) Max Price: 5850 Min Price: 5800   |   Beans : Beans (Whole) Max Price: 8500 Min Price: 2000   |   Ginger(Green) : Green Ginger Max Price: 3800 Min Price: 1500   |   Corriander seed : Coriander Seed Max Price: 11000 Min Price: 9000   |   Kulthi(Horse Gram) : Horse gram (Whole) Max Price: 3400 Min Price: 3000   |   Foxtail Millet(Navane) : Navane Hybrid Max Price: 2576 Min Price: 2079   |   Copra : Copra Max Price: 16000 Min Price: 16000   |   Dry Chillies : Byadgi Max Price: 23000 Min Price: 15000   |   Dry Chillies : Local Max Price: 9000 Min Price: 2741   |   Dry Chillies : Guntur Max Price: 10300 Min Price: 10000   |   Coconut : Grade-I Max Price: 25000 Min Price: 1000   |   Sweet Potato : Sweet Potato Max Price: 2000 Min Price: 1000   |   Carrot : Carrot Max Price: 5000 Min Price: 1200   |   Cabbage : Cabbage Max Price: 3000 Min Price: 300   |   Snake gourd : Snakeguard Max Price: 1600 Min Price: 400   |   Beetroot : Beetroot Max Price: 2800 Min Price: 800   |   White Pumpkin : White Pumpkin Max Price: 1200 Min Price: 1000   |   Cucumbar(Kheera) : Cucumbar Max Price: 3000 Min Price: 400   |   Ridge gourd(Tori) : Ridgeguard(Tori) Max Price: 5000 Min Price: 1600   |   Raddish : Raddish Max Price: 2500 Min Price: 800   |   Thondekai : Thondekai Max Price: 2000 Min Price: 800   |   Capsicum : Capsicum Max Price: 3500 Min Price: 1500   |   Alsandikai : Alsandikai Max Price: 3400 Min Price: 3000   |   Drumstick : Drumstick Max Price: 8000 Min Price: 1500   |   Chapparad Avare : Chapparada Avarekai Max Price: 4500 Min Price: 2300   |   Sweet Pumpkin : Sweet Pumpkin Max Price: 1400 Min Price: 700   |   Seemebadnekai : Seemebadanekai Max Price: 2600 Min Price: 1200   |   Knool Khol : Knool Khol Max Price: 3300 Min Price: 1000   |   Suvarna Gadde : Suvarnagadde Max Price: 2800 Min Price: 1000   |   Lime : Lime Max Price: 3500 Min Price: 800   |   Karbuja(Musk Melon) : Karbhuja Max Price: 2000 Min Price: 1000   |   Pomegranate : Pomogranate Max Price: 15000 Min Price: 3500   |   Arhar Dal(Tur Dal) : Arhar Dal(Tur) Max Price: 10900 Min Price: 8500   |   Bengal Gram Dal (Chana Dal) : Bengal Gram Dal Max Price: 7300 Min Price: 6200   |   Black Gram Dal (Urd Dal) : Black Gram Dal Max Price: 13000 Min Price: 8300   |   Green Gram Dal (Moong Dal) : Green Gram Dal Max Price: 9600 Min Price: 8900   |   Ground Nut Seed : Ground Nut Seed Max Price: 11000 Min Price: 10200   |   Avare Dal : Avare (Whole) Max Price: 6100 Min Price: 5000   |   Alasande Gram : Alasande Gram Max Price: 6600 Min Price: 3031   |   Chennangi Dal : Chennangi Dal Max Price: 6000 Min Price: 5900   |   Elephant Yam (Suran) : Elephant Yam (Suran) Max Price: 1900 Min Price: 1900   |  

Company News


Murphy Oil sells its Malaysian palm oil business to PTT exploration for $2.12 BN

Murphy Oil sells its Malaysian palm oil business to PTT exploration for $2.12 BN

Murphy Oil Corporation (Murphy) announced that a subsidiary has signed a sale and purchase agreement to divest the fully issued share capital of its two primary Malaysian subsidiaries, Murphy Sabah Oil Co., Ltd. and Murphy Sarawak Oil Co., Ltd., to a subsidiary of PTT Exploration and Production Public Company Limited

Share with : Facebook Whatsapp Twitter Linkedin

EL DORADO, ARK, 22 March 2019 : strong> Murphy Oil Corporation (Murphy) announced that a subsidiary has signed a sale and purchase agreement to divest the fully issued share capital of its two primary Malaysian subsidiaries, Murphy Sabah Oil Co., Ltd. and Murphy Sarawak Oil Co., Ltd., to a subsidiary of PTT Exploration and Production Public Company Limited (PTTEP).

PTTEP will pay Murphy US$2.127 billion in an all-cash transaction, payable upon closing and subject to customary closing adjustments, plus up to a US$100 million bonus payment contingent upon certain future exploratory drilling results prior to October 2020. 

The transaction has an effective economic valuation date of January 1, 2019, with the closing expected to occur by the end of the second quarter 2019. Closing of the transaction is subject to customary conditions precedent including, among other things, necessary regulatory approvals. Under the terms of the transaction, Murphy will exit the country of Malaysia. 

The year-end 2018 proved reserves (1P) net to Murphy were 816 million barrels of oil equivalent (Mmboe) of which 16 percent or 129 Mmboe were attributable to Malaysia. Of the 129 Mmboe of proved reserves, 70 Mmboe are characterized as proved undeveloped.

The proved reserves are comprised of 468 billion cubic feet (Bcf) of natural gas and 51 million barrels (Mmbbl) of liquids. Total production net to Murphy in 2018 for the properties to be divested was over 48,000 barrel of oil equivalent per day (Boepd), comprised of 62 percent liquids. 

Proceeds from the transaction 

Murphy intends to allocate the proceeds from the transaction to advance its strategic priorities. This includes returning cash to shareholders through share repurchases and strengthening the company’s balance sheet by reducing debt. 

Murphy’s Board of Directors has approved a new $500 million share repurchase program, expiring on December 31, 2020, of which approximately $300 million is planned to be executed in the first tranche, with the remaining $200 million expected in the second tranche.

In addition, the company intends to use a portion of the proceeds to pay down approximately $750 million of outstanding debt, with $325 million allocated to pay off Murphy’s senior credit facility to a zero balance and $425 million targeted to the repurchase or redemption of outstanding senior notes. 

The company plans to continue its current oil-weighted strategy in both the Eagle Ford Shale and the Gulf of Mexico, while maintaining its focused exploration plan.

To this end, $750 million of the remaining proceeds will remain on the balance sheet earmarked for U.S. oil-weighted opportunities through potential acquisitions and/or the funding of both deep water projects and U.S. onshore opportunities. The company will continue to employ a measured, disciplined approach to capital allocation that is aimed at generating the greatest value for Murphy’s shareholders. 

Murphy expects to record a book gain on the sale between $0.9 billion to $1.0 billion, and plans to repatriate essentially all of the cash proceeds to the United States. 

“After 20 years of successful operations in Malaysia, I am pleased to announce this all-cash transaction benefiting our shareholders by fully monetizing our proved and probable reserves. The tactical repositioning of Murphy allows us to simplify our business and focus on our core assets in the Western Hemisphere. The transaction will provide us with greater financial flexibility and allow us to continue returning cash to our shareholders through share repurchases,” commented Roger W. Jenkins, President and Chief Executive Officer.

“We would like to congratulate PTTEP on their purchase and we will support them in a smooth business transition over the coming months. I would like to thank our long-term partners in Malaysia, PETRONAS, PETRONAS Carigali and Pertamina. Most importantly, I would like to thank our committed Malaysian staff for their hard work and endless dedication to our company and we look forward to their successful transition to PTTEP,” Jenkins added. 

New 2019 plan 

The new 2019 annual plan reflects the company’s ongoing commitment to the goal of aligning spending within cash flows, while simultaneously returning cash to shareholders. The company’s previously announced annual production guidance was 202 to 210 Mboepd, of which 46 to 48 Mboepd was attributable to Malaysia. Murphy’s previously announced capital plan for 2019 was expected to be in the range of $1.25 to $1.45 billion, of which $106 million was attributable to Malaysia. 

Beginning with the first quarter 2019 earnings release, the Malaysian operations will be reported as a “discontinued operation” and classified as “held for sale” for financial reporting purposes. 

Multi-year plan

The company is well-positioned for long-term value creation. Following the Malaysia divestiture, $500 million share repurchase authorization and $750 million debt reduction, the company believes it can generate over $1.2 billion of free cash flow, before dividend payments between 2019 to 2023, when applying a $55 per barrel WTI flat price.

Over the same time frame, it plans to generate approximately an 8 percent compound annual growth rate from its three core producing assets in U.S. onshore, Canada onshore, and North America offshore. 

“Our strategy of delivering moderate production growth over the next few years while generating free cash flow above our planned dividend levels continues when applying conservative oil prices even following the risk-free monetization of our Malaysia assets. We will continue with our plans of investing in our high margin, oil-weighted Western Hemisphere opportunities, especially the Eagle Ford Shale and the Gulf of Mexico while maintaining our focused low-cost exploration program,” Jenkins added.

Bank of America Merrill Lynch served as advisor to Murphy on the transaction and Tudor, Pickering, Holt & Co. served as financial advisor to Murphy. Gibson, Dunn & Crutcher LLP acted as legal counsel to Murphy. 

 


© Copyright 2021 Agriculture Times. All rights reserved. Republication or redistribution of Agriculture Times content, including by framing or similar means, is expressly prohibited without the prior written consent.

Support our venture and help farming commmunity in India. If you want us the work better FUND US. For as little as INR 10, you can support2.jpg the AgriTimes™ and it only takes a minute. Thank you.

Partners