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Cost of Importing Brazil Sugar in China--4/30/2020 & 5/1/2020

2020-05-06 www.cofeed.com
Item May. 1 Apr. 30 Unit
ICE Most-active Contract 11.2 10.37 cents/pound
Brz Raw Sugar Premiums 0.08 0.08 cents/pound
Brz Sugar Freight 23.25 23.25 USD/tonne
Exchange Rate 7.0912 7.0912 (CNY/USD)
Duty-paid Price within Quotas 3127 2941 CNY/tonne
   Price Spread with Shandong Sugar - - CNY/tonne
 Price Spread with Guangxi Sugar - - CNY/tonne
Price Spread with Yunnan Sugar - - CNY/tonne
 Price Spread with ZCE Contract* - - CNY/tonne
Duty-paid Price beyond Quotas 4817 4519 CNY/tonne
   Price Spread with Shandong Sugar - - CNY/tonne
 Price Spread with Guangxi Sugar - - CNY/tonne
Price Spread with Yunnan Sugar - - CNY/tonne
Price Spread with ZCE Contract - - CNY/tonne
*The most-active contract on the Zhengzhou Commodity Exchange