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Cost of Importing Soybean in China--5/11/2020

2020-05-11 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 850.5 65 148N 336 30.5 367 7.0835  2,997  -20 
Jun 850.5 65 148N 336 30.5 367 7.0964  3,003  -9 
Jul 850.5 70 158N 338 32.5 371 7.1054  3,037  26 
Oct 855.5 77 172X 343 35 378 7.1274  3,102  26 
Soybean,
US PNW
May 850.5 108 157N 352 18 370 7.0835  3,024  23 
Soybean,
 Brazil
May 850.5 65 122N 336 21 357 7.0835  2,922  6 
Jun 850.5 77 134N 341 21 362 7.0964  2,962  18 
Jul 850.5 86 146N 344 22 366 7.1054  3,000  30 
Aug 852 96 160Q 348 23.5 372 7.1054  3,046  38 
Sep 855.5 104 169X 353 24 377 7.1274  3,093  25 
Feb,2021 841.25 45 116H 326 26 352 7.1274  2,894  17 
Mar,2021 841.25 29 101H 320 26.5 346 7.1274  2,851  19 
Soybean, Argentina Jun 850.5 40 124N 327 31 358 7.0964  2,934  -19 
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