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Cost of Importing Soybean in China--5/13/2020

2020-05-13 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 852 65 148N 337 30.5 367 7.0915  3,005  -15 
Jun 852 65 148N 337 30.5 367 7.1122  3,014  -11 
Jul 852 70 158N 339 32.5 371 7.1125  3,044  -16 
Oct 857 77 172X 343 35 378 7.1472  3,114  -7 
Soybean,
US PNW
May 852 108 157N 353 18 371 7.0915  3,031  -15 
Soybean,
 Brazil
May 852 65 122N 337 21 358 7.0915  2,930  -14 
Jun 852 73 130N 340 21 361 7.1122  2,961  -23 
Jul 852 82 142N 343 22 365 7.1125  2,996  -27 
Aug 853.5 92 156Q 347 23.5 371 7.1125  3,042  -24 
Sep 857 100 165X 352 24 376 7.1472  3,094  -18 
Feb,2021 844 45 116H 327 26 353 7.1472  2,909  -5 
Mar,2021 844 29 101H 321 26.5 347 7.1472  2,866  -5 
Soybean, Argentina Jun 852 40 124N 328 31 359 7.1122  2,944  -11 
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