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Cost of Importing Soybean in China--5/14/2020

2020-05-14 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 839.5 71 154N 335 30.5 365 7.0957  2,988  -17 
Jun 839.5 71 154N 335 30.5 365 7.1075  2,993  -21 
Jul 839.5 72 160N 335 32.5 367 7.1177  3,016  -28 
Oct 845.5 80 175X 340 35 375 7.1427  3,087  -27 
Soybean,
US PNW
May 839.5 103 152N 346 18 364 7.0957  2,982  -49 
Soybean,
 Brazil
May 839.5 68 125N 333 21 354 7.0957  2,903  -27 
Jun 839.5 73 130N 335 21 356 7.1075  2,923  -38 
Jul 839.5 80 140N 338 22 360 7.1177  2,955  -41 
Aug 841.25 89 153Q 342 23.5 365 7.1177  2,999  -43 
Sep 845.5 100 165X 347 24 371 7.1427  3,058  -36 
Feb,2021 836.25 45 116H 324 26 350 7.1427  2,885  -24 
Mar,2021 836.25 29 101H 318 26.5 344 7.1427  2,842  -24 
Soybean, Argentina Jun 839.5 48 132N 326 31 357 7.1075  2,929  -15 
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