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Cost of Importing Thailand 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
Thai Raw Sugar Premiums 2.77 2.72 cents/pound
Thai Sugar Freight 10 10 USD/tonne
Exchange Rate 7.109 7.1095 (CNY/USD)
Duty-paid Price within Quotas 3439 3385 CNY/tonne
   Price Spread with Shandong Sugar 2161 2215 CNY/tonne
 Price Spread with Guangxi Sugar 2031 2085 CNY/tonne
Price Spread with Yunnan Sugar 1911 1995 CNY/tonne
Price Spread with ZCE Contract* 1485 1639 CNY/tonne
Duty-paid Price beyond Quotas 5320 5233 CNY/tonne
   Price Spread with Shandong Sugar 280 367 CNY/tonne
 Price Spread with Guangxi Sugar 150 237 CNY/tonne
Price Spread with Yunnan Sugar 30 147 CNY/tonne
Price Spread with ZCE Contract -396 -209 CNY/tonne
*The most-active contract on the Zhengzhou Commodity Exchange