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Cost of Importing Brazil Sugar in China--5/13/2020

2020-05-14 www.cofeed.com
Item May. 13 May. 12 Unit
ICE Most-active Contract 10.26 10.25 cents/pound
Brz Raw Sugar Premiums 0.06 0.04 cents/pound
Brz Sugar Freight 23.25 23.25 USD/tonne
Exchange Rate 7.1095 7.1056 (CNY/USD)
Duty-paid Price within Quotas 2919 2911 CNY/tonne
   Price Spread with Shandong Sugar 2681 2689 CNY/tonne
 Price Spread with Guangxi Sugar 2551 2589 CNY/tonne
Price Spread with Yunnan Sugar 2461 2489 CNY/tonne
 Price Spread with ZCE Contract* 2107 2134 CNY/tonne
Duty-paid Price beyond Quotas 4483 4470 CNY/tonne
   Price Spread with Shandong Sugar 1117 1130 CNY/tonne
 Price Spread with Guangxi Sugar 987 1030 CNY/tonne
Price Spread with Yunnan Sugar 897 930 CNY/tonne
Price Spread with ZCE Contract 543 575 CNY/tonne
*The most-active contract on the Zhengzhou Commodity Exchange