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

2020-04-27 www.cofeed.com

Product	Delivery	CBOT	Var.	Basis	FOB	Freight	CFR China	Duty Paid
Product	Delivery	￠/lb	￠/lb	0.01￠/lb	USD/mT	USD/mT	USD/mT	RMB/mT
SBO, US Gulf	May-20	25.05	-0.56	+140K	583	65	648	6760

SBO, Argentina	Jun-20	25.50	-0.54	+20N	567	65	632	5380
	Aug/Sep-20	25.89	-0.52	-20U	566	65	631	5370
	Oct/Nov/Dec-20	26.40	-0.50	-20Z	578	65	643	5470

SBO, Brazil	May-20	25.05	-0.56	+110K	577	65	642	5470
	Jun-20	25.50	-0.54	+30U	569	65	634	5400
	Oct/Nov/Dec-20	26.40	-0.50	-10Z	580	65	645	5490

Duty paid price includes the port charge (Port Charge= RMB 80 yuan).
Freight is subject to change and for reference only.
The quotation in actual transaction shall prevail.
The tariff for soybean oil from Argentina and Brazil is 9%, and the addtional tariff for US soybean oil is 25%.
F=Jan，G=Feb，H=Mar，J=Apr，K=May，M=Jun，N=Jul，Q=Aug，U=Sept，V=Oct，X=Nov，Z=Dec

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