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Cost of Importing Brazil Sugar in China--4/28/2020

2020-04-29 www.cofeed.com
Item Apr. 28 Apr. 27 Unit
ICE Most-active Contract 9.52 9.38 cents/pound
Brz Raw Sugar Premiums 0.08 0.06 cents/pound
Brz Sugar Freight 23.25 23.25 USD/tonne
Exchange Rate 7.0879 7.0912 (CNY/USD)
Duty-paid Price within Quotas 2751 2716 CNY/tonne
   Price Spread with Shandong Sugar 2849 2984 CNY/tonne
 Price Spread with Guangxi Sugar 2709 2774 CNY/tonne
Price Spread with Yunnan Sugar 2569 2664 CNY/tonne
 Price Spread with ZCE Contract* 2082 2215 CNY/tonne
Duty-paid Price beyond Quotas 4212 4156 CNY/tonne
   Price Spread with Shandong Sugar 1388 1544 CNY/tonne
 Price Spread with Guangxi Sugar 1248 1334 CNY/tonne
Price Spread with Yunnan Sugar 1108 1224 CNY/tonne
Price Spread with ZCE Contract 621 775 CNY/tonne
*The most-active contract on the Zhengzhou Commodity Exchange