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Cost of Importing Thailand 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
Thai Raw Sugar Premiums 2.77 2.77 cents/pound
Thai Sugar Freight 10 10 USD/tonne
Exchange Rate 7.1152 7.1185 (CNY/USD)
Duty-paid Price within Quotas 3520 3427 CNY/tonne
   Price Spread with Shandong Sugar 1990 2113 CNY/tonne
 Price Spread with Guangxi Sugar 1880 1973 CNY/tonne
Price Spread with Yunnan Sugar 1780 1893 CNY/tonne
Price Spread with ZCE Contract* 1398 1494 CNY/tonne
Duty-paid Price beyond Quotas 5450 5301 CNY/tonne
   Price Spread with Shandong Sugar 60 239 CNY/tonne
 Price Spread with Guangxi Sugar -50 99 CNY/tonne
Price Spread with Yunnan Sugar -150 19 CNY/tonne
Price Spread with ZCE Contract -532 -380 CNY/tonne
*The most-active contract on the Zhengzhou Commodity Exchange