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Cost of Importing Thailand Sugar in China--4/29/2019

2020-04-30 www.cofeed.com
Item Apr. 29 Apr. 28 Unit
ICE Most-active Contract 9.92 9.52 cents/pound
Thai Raw Sugar Premiums 2.8 2.8 cents/pound
Thai Sugar Freight 10 10 USD/tonne
Exchange Rate 7.0728 7.0879 (CNY/USD)
Duty-paid Price within Quotas 3312 3229 CNY/tonne
   Price Spread with Shandong Sugar 2288 2371 CNY/tonne
 Price Spread with Guangxi Sugar 2128 2231 CNY/tonne
Price Spread with Yunnan Sugar 1978 2091 CNY/tonne
Price Spread with ZCE Contract* 1620 1604 CNY/tonne
Duty-paid Price beyond Quotas 5115 4982 CNY/tonne
   Price Spread with Shandong Sugar 485 618 CNY/tonne
 Price Spread with Guangxi Sugar 325 478 CNY/tonne
Price Spread with Yunnan Sugar 175 338 CNY/tonne
Price Spread with ZCE Contract -183 -149 CNY/tonne
*The most-active contract on the Zhengzhou Commodity Exchange