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Cost of Importing Soybean in China--4/28/2020

2020-04-28 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 829 70 163K 330 34 364 7.0765  2,974  -32 
Jun 836.5 65 158N 331 34 365 7.0951  2,989  -31 
Jul 836.5 65 158N 331 34 365 7.1006  2,991  -34 
Oct 840.25 73 171X 336 36 372 7.1080  3,045  -16 
Soybean,
US PNW
May 829 108 157K 344 18 362 7.0765  2,958  -6 
Soybean,
 Brazil
May 829 66 123K 329 21 350 7.0765  2,859  -6 
Jun 836.5 73 138N 334 24 358 7.0951  2,933  10 
Jul 836.5 85 153N 339 25 364 7.1006  2,978  -6 
Aug 838 102 173Q 345 26 371 7.1006  3,040  -2 
Sep 838 110 181Q 348 26 374 7.1080  3,067  -11 
Feb,2021 828.75 40 113H 319 27 346 7.1080  2,843  -33 
Mar,2021 828.75 29 104H 315 27.5 343 7.1080  2,814  -10 
Soybean, Argentina May 836.5 25 115N 317 33 350 7.0765  2,857  -56 
Jun 836.5 31 121N 319 33 352 7.0951  2,882  -61 
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