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Cost of Importing Brazil Sugar in China--5/12/2020

2020-05-13 www.cofeed.com
Item May. 12 May. 11 Unit
ICE Most-active Contract 10.25 10.12 cents/pound
Brz Raw Sugar Premiums 0.04 0.14 cents/pound
Brz Sugar Freight 23.25 23.25 USD/tonne
Exchange Rate 7.1056 7.1078 (CNY/USD)
Duty-paid Price within Quotas 2911 2905 CNY/tonne
   Price Spread with Shandong Sugar 2689 2695 CNY/tonne
 Price Spread with Guangxi Sugar 2589 2595 CNY/tonne
Price Spread with Yunnan Sugar 2489 2495 CNY/tonne
 Price Spread with ZCE Contract* 2134 2219 CNY/tonne
Duty-paid Price beyond Quotas 4470 4460 CNY/tonne
   Price Spread with Shandong Sugar 1130 1140 CNY/tonne
 Price Spread with Guangxi Sugar 1030 1040 CNY/tonne
Price Spread with Yunnan Sugar 930 940 CNY/tonne
Price Spread with ZCE Contract 575 664 CNY/tonne
*The most-active contract on the Zhengzhou Commodity Exchange