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Cost of Importing Brazil Sugar in China--5/14/2020

2020-05-15 www.cofeed.com
Item May. 14 May. 13 Unit
ICE Most-active Contract 10.45 10.26 cents/pound
Brz Raw Sugar Premiums 0.06 0.06 cents/pound
Brz Sugar Freight 23.25 23.25 USD/tonne
Exchange Rate 7.109 7.1095 (CNY/USD)
Duty-paid Price within Quotas 2961 2919 CNY/tonne
   Price Spread with Shandong Sugar 2639 2681 CNY/tonne
 Price Spread with Guangxi Sugar 2509 2551 CNY/tonne
Price Spread with Yunnan Sugar 2389 2461 CNY/tonne
 Price Spread with ZCE Contract* 1963 2107 CNY/tonne
Duty-paid Price beyond Quotas 4551 4483 CNY/tonne
   Price Spread with Shandong Sugar 1049 1117 CNY/tonne
 Price Spread with Guangxi Sugar 919 987 CNY/tonne
Price Spread with Yunnan Sugar 799 897 CNY/tonne
Price Spread with ZCE Contract 373 543 CNY/tonne
*The most-active contract on the Zhengzhou Commodity Exchange