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Cost of Importing Brazil Sugar in China--5/8/2020

2020-05-09 www.cofeed.com
Item May. 8 May. 7 Unit
ICE Most-active Contract 10.29 10.33 cents/pound
Brz Raw Sugar Premiums 0.14 0.14 cents/pound
Brz Sugar Freight 23.25 23.25 USD/tonne
Exchange Rate 7.0948 7.0927 (CNY/USD)
Duty-paid Price within Quotas 2938 2946 CNY/tonne
   Price Spread with Shandong Sugar 2662 2654 CNY/tonne
 Price Spread with Guangxi Sugar 2562 2554 CNY/tonne
Price Spread with Yunnan Sugar 2462 2434 CNY/tonne
 Price Spread with ZCE Contract* 2177 2177 CNY/tonne
Duty-paid Price beyond Quotas 4514 4527 CNY/tonne
   Price Spread with Shandong Sugar 1086 1073 CNY/tonne
 Price Spread with Guangxi Sugar 986 973 CNY/tonne
Price Spread with Yunnan Sugar 886 853 CNY/tonne
Price Spread with ZCE Contract 601 596 CNY/tonne
*The most-active contract on the Zhengzhou Commodity Exchange