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Cost of Importing Brazil Sugar in China--5/18/2020

2020-05-19 www.cofeed.com
Item May. 18 May. 15 Unit
ICE Most-active Contract 10.8 10.38 cents/pound
Brz Raw Sugar Premiums 0.13 0.13 cents/pound
Brz Sugar Freight 23.25 23.25 USD/tonne
Exchange Rate 7.1152 7.1185 (CNY/USD)
Duty-paid Price within Quotas 3058 2965 CNY/tonne
   Price Spread with Shandong Sugar 2452 2575 CNY/tonne
 Price Spread with Guangxi Sugar 2342 2435 CNY/tonne
Price Spread with Yunnan Sugar 2242 2355 CNY/tonne
 Price Spread with ZCE Contract* 1860 1956 CNY/tonne
Duty-paid Price beyond Quotas 4706 4557 CNY/tonne
   Price Spread with Shandong Sugar 804 983 CNY/tonne
 Price Spread with Guangxi Sugar 694 843 CNY/tonne
Price Spread with Yunnan Sugar 594 763 CNY/tonne
Price Spread with ZCE Contract 212 364 CNY/tonne
*The most-active contract on the Zhengzhou Commodity Exchange