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Cost of Importing Soybean in China--5/18/2020

2020-05-18 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
Jul 838.5 65 148N 332 30.5 362 7.1345  2,983  -35 
Aug 838.5 68 151N 333 30.5 364 7.1445  2,996 
Sep 838.5 70 158N 334 32.5 366 7.1445  3,018 
Oct 845.5 78 173X 339 35 374 7.1685  3,092  9 
Soybean,
US PNW
Oct 838.5 115 164N 350 18 368 7.1685  3,044 
Soybean,
 Brazil
Jul 838.5 86 149N 340 23 363 7.1345  2,985  20 
Aug 840.75 90 155Q 342 24 366 7.1445  3,015  9 
Sep 845.5 101 166X 348 24 372 7.1445  3,062  0 
Feb,2021 840 47 118H 326 26 352 7.1685  2,912  23 
Mar,2021 840 30 102H 320 26.5 346 7.1685  2,866  23 
Apr,2021 837 27 100K 317 27 344 7.1685  2,852 
May,2021 837 33 106K 320 27 347 7.1685  2,870 
Soybean, Argentina Jun 838.5 40 124N 323 31 354 7.1230  2,909  4 
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