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Cost of Importing Thailand 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
Thai Raw Sugar Premiums 2.72 2.72 cents/pound
Thai Sugar Freight 10 10 USD/tonne
Exchange Rate 7.1056 7.1078 (CNY/USD)
Duty-paid Price within Quotas 3382 3353 CNY/tonne
   Price Spread with Shandong Sugar 2218 2247 CNY/tonne
 Price Spread with Guangxi Sugar 2118 2147 CNY/tonne
Price Spread with Yunnan Sugar 2018 2047 CNY/tonne
Price Spread with ZCE Contract* 1663 1771 CNY/tonne
Duty-paid Price beyond Quotas 5227 5182 CNY/tonne
   Price Spread with Shandong Sugar 373 418 CNY/tonne
 Price Spread with Guangxi Sugar 273 318 CNY/tonne
Price Spread with Yunnan Sugar 173 218 CNY/tonne
Price Spread with ZCE Contract -182 -58 CNY/tonne
*The most-active contract on the Zhengzhou Commodity Exchange