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Cost of Importing Brazil Sugar in China--4/29/2020

2020-04-30 www.cofeed.com
Item Apr. 29 Apr. 28 Unit
ICE Most-active Contract 9.92 9.52 cents/pound
Brz Raw Sugar Premiums 0.08 0.08 cents/pound
Brz Sugar Freight 23.25 23.25 USD/tonne
Exchange Rate 7.0708 7.0879 (CNY/USD)
Duty-paid Price within Quotas 2835 2751 CNY/tonne
   Price Spread with Shandong Sugar 2765 2849 CNY/tonne
 Price Spread with Guangxi Sugar 2605 2709 CNY/tonne
Price Spread with Yunnan Sugar 2455 2569 CNY/tonne
 Price Spread with ZCE Contract* 2097 2082 CNY/tonne
Duty-paid Price beyond Quotas 4347 4212 CNY/tonne
   Price Spread with Shandong Sugar 1253 1388 CNY/tonne
 Price Spread with Guangxi Sugar 1093 1248 CNY/tonne
Price Spread with Yunnan Sugar 943 1108 CNY/tonne
Price Spread with ZCE Contract 585 621 CNY/tonne
*The most-active contract on the Zhengzhou Commodity Exchange