Today is 04/26/2024

Cost of Importing Soybean in China--4/29/2020

2020-04-29 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 826 70 163K 329 34 363 7.0760  2,965  -9 
Jun 832 65 158N 330 34 364 7.0837  2,971  -18 
Jul 832 65 158N 330 34 364 7.0895  2,974  -17 
Oct 839 73 171X 335 36 371 7.1080  3,041  -4 
Soybean,
US PNW
May 826 108 157K 343 18 361 7.0760  2,949  -9 
Soybean,
 Brazil
May 826 66 123K 328 21 349 7.0760  2,850  -9 
Jun 832 73 138N 332 24 356 7.0837  2,915  -18 
Jul 832 85 153N 337 25 362 7.0895  2,961  -17 
Aug 834.5 102 173Q 344 26 370 7.0895  3,026  -14 
Sep 834.5 110 181Q 347 26 373 7.1080  3,057  -10 
Feb,2021 832 40 113H 320 27 347 7.1080  2,852  9 
Mar,2021 832 29 104H 316 27.5 344 7.1080  2,824  10 
Soybean, Argentina May 832 25 115N 315 33 348 7.0760  2,843  -14 
Jun 832 31 121N 317 33 350 7.0837  2,864 

-18 

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