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Cost of Importing Brazil Sugar in China--5/15/2020

2020-05-18 www.cofeed.com
Item May. 15 May. 14 Unit
ICE Most-active Contract 10.38 10.45 cents/pound
Brz Raw Sugar Premiums 0.13 0.06 cents/pound
Brz Sugar Freight 23.25 23.25 USD/tonne
Exchange Rate 7.1185 7.109 (CNY/USD)
Duty-paid Price within Quotas 2965 2961 CNY/tonne
   Price Spread with Shandong Sugar 2575 2639 CNY/tonne
 Price Spread with Guangxi Sugar 2435 2509 CNY/tonne
Price Spread with Yunnan Sugar 2355 2389 CNY/tonne
 Price Spread with ZCE Contract* 1956 1963 CNY/tonne
Duty-paid Price beyond Quotas 4557 4551 CNY/tonne
   Price Spread with Shandong Sugar 983 1049 CNY/tonne
 Price Spread with Guangxi Sugar 843 919 CNY/tonne
Price Spread with Yunnan Sugar 763 799 CNY/tonne
Price Spread with ZCE Contract 364 373 CNY/tonne
*The most-active contract on the Zhengzhou Commodity Exchange