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Cost of Importing Soybean in China--5/6/2020

2020-05-06 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 839.5 70 163N 334 34 368 7.1020  3,015  40 
Jun 839.5 68 161N 333 34 367 7.1125  3,014  34 
Jul 839.5 72 165N 335 34 369 7.1200  3,029  46 
Oct 846.5 80 178X 340 36 376 7.1420  3,098  49 
Soybean,
US PNW
May 839.5 108 157N 348 18 366 7.1020  2,999  40 
Soybean,
 Brazil
May 839.5 63 123N 332 22 354 7.1020  2,899  31 
Jun 839.5 79 140N 337 22.5 360 7.1125  2,954  41 
Jul 839.5 92 157N 342 24 366 7.1200  3,008  71 
Aug 840.75 102 169Q 346 24.5 371 7.1200  3,045  73 
Sep 846.5 104 172X 349 25 374 7.1420  3,081  30 
Feb,2021 838.25 45 123H 325 28.5 353 7.1420  2,911  45 
Mar,2021 838.25 29 98H 319 25.5 344 7.1420  2,839  1 
Soybean, Argentina Jun 839.5 43 127N 324 31 355 7.1125  2,917  44 
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