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Cost of Importing Brazil Sugar in China--5/7/2020

2020-05-08 www.cofeed.com
Item May. 7 May. 6 Unit
ICE Most-active Contract 10.33 10.27 cents/pound
Brz Raw Sugar Premiums 0.14 0.11 cents/pound
Brz Sugar Freight 23.25 23.25 USD/tonne
Exchange Rate 7.0927 7.13 (CNY/USD)
Duty-paid Price within Quotas 2946 2940 CNY/tonne
   Price Spread with Shandong Sugar 2654 2660 CNY/tonne
 Price Spread with Guangxi Sugar 2554 2520 CNY/tonne
Price Spread with Yunnan Sugar 2434 2410 CNY/tonne
 Price Spread with ZCE Contract* 2177 2087 CNY/tonne
Duty-paid Price beyond Quotas 4527 4516 CNY/tonne
   Price Spread with Shandong Sugar 1073 1084 CNY/tonne
 Price Spread with Guangxi Sugar 973 944 CNY/tonne
Price Spread with Yunnan Sugar 853 834 CNY/tonne
Price Spread with ZCE Contract 596 511 CNY/tonne
*The most-active contract on the Zhengzhou Commodity Exchange