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Cost of Importing Soybean in China--4/30/2020

2020-04-30 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 831.75 70 163K 331 34 365 7.0587  2,975  10 
Jun 837.5 65 158N 332 34 366 7.0662  2,980  9 
Jul 837.5 65 158N 332 34 366 7.0720  2,983  9 
Oct 844.25 73 171X 337 36 373 7.0897  3,049  8 
Soybean,
US PNW
May 831.75 108 157K 345 18 363 7.0587  2,959  10 
Soybean,
 Brazil
May 831.75 66 134K 330 22 352 7.0587  2,868  18 
Jun 837.5 69 134N 333 24 357 7.0662  2,913  -2 
Jul 837.5 74 142N 335 25 360 7.0720  2,937  -24 
Aug 837.5 83 154N 338 26 364 7.0720  2,972  -54 
Sep 837.5 101 172N 345 26 371 7.0897  3,031  -26 
Feb,2021 839.25 40 113H 323 27 350 7.0897  2,866  14 
Mar,2021 839.25 29 104H 319 27.5 346 7.0897  2,838  14 
Soybean, Argentina May 837.5 25 115N 317 33 350 7.0587  2,853  10 
Jun 837.5 31 121N 319 33 352 7.0662  2,873  9 
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