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Cost of Importing Soybean in China--4/27/2020

2020-04-27 www.cofeed.com
Product Delivery CBOT Premium FOB Freight CFR China Exchange Rate Duty Paid Var.
FOB CFR USD/tonne USD/tonne USD/tonne CNY/tonne
Soybean,
 US Gulf
May 832.25 79 172K 335 34 369 7.0671  3,006  -8 
Jun 839.5 70 167N 334 35.5 370 7.0853  3,020  -4 
Jul 839.5 65 167N 332 37.5 370 7.0931  3,025  -3 
Oct 841.5 73 175X 336 37.5 373 7.1091  3,061  -3 
Soybean,
US PNW
May 832.25 108 157K 345 18 363 7.0671  2,964  -7 
Soybean,
 Brazil
May 832.25 66 123K 330 21 351 7.0671  2,865  -7 
Jun 839.5 68 133N 333 24 357 7.0853  2,923  -3 
Jul 839.5 85 153N 340 25 365 7.0931  2,984  -3 
Aug 839.5 102 173N 346 26 372 7.0931  3,042  -3 
Sep 841.5 110 181X 350 26 376 7.1091  3,078  -3 
Feb,2021 829.5 45 124H 321 29 350 7.1091  2,876  -3 
Mar,2021 829.5 30 106H 316 28 344 7.1091  2,824  -3 
Soybean, Argentina May 839.5 37 132N 322 35 357 7.0671  2,913  -7 
Jun 839.5 45 140N 325 35 360 7.0853  2,943  -4 
Remarks: F=Jan, G=Feb, H=Mar, J=Apr, K=May, M=Jun, N=Jul, Q=AugU=Sept, V=Oct, X=Nov, Z=Dec
             3% import duty on Brazilian and Argentine and US soybeans
             9% VAT