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Cost of Importing Soybean in China--5/12/2020

2020-05-12 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 855 65 148N 338 30.5 369 7.1050  3,020  23 
Jun 855 65 148N 338 30.5 369 7.1180  3,025  22 
Jul 855 70 158N 340 32.5 372 7.1278  3,060  23 
Oct 858.5 77 172X 344 35 379 7.1528  3,121  19 
Soybean,
US PNW
May 855 108 157N 354 18 372 7.1050  3,046  22 
Soybean,
 Brazil
May 855 65 122N 338 21 359 7.1050  2,944  22 
Jun 855 77 134N 342 21 363 7.1180  2,984  22 
Jul 855 86 146N 346 22 368 7.1278  3,023  23 
Aug 855.75 96 160Q 350 23.5 373 7.1278  3,066  20 
Sep 858.5 104 169X 354 24 378 7.1528  3,112  19 
Feb,2021 844.75 45 116H 327 26 353 7.1528  2,914  20 
Mar,2021 844.75 29 101H 321 26.5 348 7.1528  2,871  20 
Soybean, Argentina Jun 855 40 124N 329 31 360 7.1180  2,955  21 
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