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Cost of Importing Thailand 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
Thai Raw Sugar Premiums 2.72 2.72 cents/pound
Thai Sugar Freight 10 10 USD/tonne
Exchange Rate 7.1095 7.1056 (CNY/USD)
Duty-paid Price within Quotas 3385 3382 CNY/tonne
   Price Spread with Shandong Sugar 2215 2218 CNY/tonne
 Price Spread with Guangxi Sugar 2085 2118 CNY/tonne
Price Spread with Yunnan Sugar 1995 2018 CNY/tonne
Price Spread with ZCE Contract* 1639 1663 CNY/tonne
Duty-paid Price beyond Quotas 5233 5227 CNY/tonne
   Price Spread with Shandong Sugar 367 373 CNY/tonne
 Price Spread with Guangxi Sugar 237 273 CNY/tonne
Price Spread with Yunnan Sugar 147 173 CNY/tonne
Price Spread with ZCE Contract -209 -182 CNY/tonne
*The most-active contract on the Zhengzhou Commodity Exchange