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Cost of Importing Soybean in China--5/7/2020

2020-05-07 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 832.5 70 163N 332 34 366 7.1200  3,002  -13 
Jun 832.5 68 161N 331 34 365 7.1330  3,002  -12 
Jul 832.5 72 165N 332 34 366 7.1420  3,017  -12 
Oct 839.25 80 178X 338 36 374 7.1640  3,086  -12 
Soybean,
US PNW
May 832.5 108 157N 346 18 364 7.1200  2,986  -13 
Soybean,
 Brazil
May 832.5 63 123N 329 22 351 7.1200  2,886  -13 
Jun 832.5 79 140N 335 22.5 357 7.1330  2,942  -12 
Jul 832.5 90 155N 339 24 363 7.1420  2,990  -18 
Aug 834 100 167Q 343 24.5 368 7.1420  3,028  -17 
Sep 839.25 104 172X 347 25 372 7.1640  3,068  -13 
Feb,2021 830 45 123H 321 28.5 350 7.1640  2,895  -16 
Mar,2021 830 29 98H 316 25.5 341 7.1640  2,823  -16 
Soybean, Argentina Jun 832.5 43 127N 322 31 353 7.1330  2,904  -13 
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