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Cost of Importing Thailand Sugar in China--4/28/2019

2020-04-29 www.cofeed.com
Item Apr. 28 Apr. 27 Unit
ICE Most-active Contract 9.52 9.38 cents/pound
Thai Raw Sugar Premiums 2.8 2.8 cents/pound
Thai Sugar Freight 10 10 USD/tonne
Exchange Rate 7.0879 7.0912 (CNY/USD)
Duty-paid Price within Quotas 3229 3199 CNY/tonne
   Price Spread with Shandong Sugar 2371 2501 CNY/tonne
 Price Spread with Guangxi Sugar 2231 2291 CNY/tonne
Price Spread with Yunnan Sugar 2091 2181 CNY/tonne
Price Spread with ZCE Contract* 1604 1732 CNY/tonne
Duty-paid Price beyond Quotas 4982 4934 CNY/tonne
   Price Spread with Shandong Sugar 618 766 CNY/tonne
 Price Spread with Guangxi Sugar 478 556 CNY/tonne
Price Spread with Yunnan Sugar 338 446 CNY/tonne
Price Spread with ZCE Contract -149 -3 CNY/tonne
*The most-active contract on the Zhengzhou Commodity Exchange