Today is 05/24/2025

Cost of Importing Soybean in China--5/15/2020

2020-05-15 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 837 65 148N 331 30.5 362 7.1028  2,966  -22 
Jun 837 64 147N 331 30.5 362 7.1233  2,971  -22 
Jul 837 73 161N 334 32.5 367 7.1338  3,018  2 
Oct 843.75 78 173X 339 35 374 7.1583  3,083  -4 
Soybean,
US PNW
May 837 108 157N 347 18 365 7.1338  3,005 
Soybean,
 Brazil
May 837 66 123N 332 21 353 7.1028  2,893  -10 
Jun 837 76 136N 335 22 357 7.1233  2,939  16 
Jul 837 81 144N 337 23 360 7.1338  2,965  10 
Aug 839 90 155Q 341 24 365 7.1338  3,006  7 
Sep 843.75 101 166X 347 24 371 7.1583  3,062  4 
Feb,2021 835.5 45 116H 323 26 349 7.1583  2,889  4 
Mar,2021 835.5 28 100H 317 26.5 344 7.1583  2,843  1 
Soybean, Argentina Jun 837 40 124N 322 31 353 7.1233  2,905  -24 
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