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Cost of Importing Brazil Sugar in China--5/11/2020

2020-05-12 www.cofeed.com
Item May. 11 May. 8 Unit
ICE Most-active Contract 10.12 10.29 cents/pound
Brz Raw Sugar Premiums 0.14 0.14 cents/pound
Brz Sugar Freight 23.25 23.25 USD/tonne
Exchange Rate 7.1078 7.0948 (CNY/USD)
Duty-paid Price within Quotas 2905 2938 CNY/tonne
   Price Spread with Shandong Sugar 2695 2662 CNY/tonne
 Price Spread with Guangxi Sugar 2595 2562 CNY/tonne
Price Spread with Yunnan Sugar 2495 2462 CNY/tonne
 Price Spread with ZCE Contract* 2219 2177 CNY/tonne
Duty-paid Price beyond Quotas 4460 4514 CNY/tonne
   Price Spread with Shandong Sugar 1140 1086 CNY/tonne
 Price Spread with Guangxi Sugar 1040 986 CNY/tonne
Price Spread with Yunnan Sugar 940 886 CNY/tonne
Price Spread with ZCE Contract 664 601 CNY/tonne
*The most-active contract on the Zhengzhou Commodity Exchange