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Cost of Importing Brazil Sugar in China--5/19/2020

2020-05-20 www.cofeed.com
Item May. 19 May. 18 Unit
ICE Most-active Contract 10.85 10.8 cents/pound
Brz Raw Sugar Premiums 0.13 0.13 cents/pound
Brz Sugar Freight 23.25 23.25 USD/tonne
Exchange Rate 7.1169 7.1152 (CNY/USD)
Duty-paid Price within Quotas 3069 3058 CNY/tonne
   Price Spread with Shandong Sugar 2471 2452 CNY/tonne
 Price Spread with Guangxi Sugar 2331 2342 CNY/tonne
Price Spread with Yunnan Sugar 2231 2242 CNY/tonne
 Price Spread with ZCE Contract* 1922 1860 CNY/tonne
Duty-paid Price beyond Quotas 4725 4706 CNY/tonne
   Price Spread with Shandong Sugar 815 804 CNY/tonne
 Price Spread with Guangxi Sugar 675 694 CNY/tonne
Price Spread with Yunnan Sugar 575 594 CNY/tonne
Price Spread with ZCE Contract 266 212 CNY/tonne
*The most-active contract on the Zhengzhou Commodity Exchange