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Cost of Importing Thailand 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
Thai Raw Sugar Premiums 2.77 2.77 cents/pound
Thai Sugar Freight 10 10 USD/tonne
Exchange Rate 7.1185 7.109 (CNY/USD)
Duty-paid Price within Quotas 3427 3439 CNY/tonne
   Price Spread with Shandong Sugar 2113 2161 CNY/tonne
 Price Spread with Guangxi Sugar 1973 2031 CNY/tonne
Price Spread with Yunnan Sugar 1893 1911 CNY/tonne
Price Spread with ZCE Contract* 1494 1485 CNY/tonne
Duty-paid Price beyond Quotas 5301 5320 CNY/tonne
   Price Spread with Shandong Sugar 239 280 CNY/tonne
 Price Spread with Guangxi Sugar 99 150 CNY/tonne
Price Spread with Yunnan Sugar 19 30 CNY/tonne
Price Spread with ZCE Contract -380 -396 CNY/tonne
*The most-active contract on the Zhengzhou Commodity Exchange