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Cost of Importing Thailand 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
Thai Raw Sugar Premiums 2.77 2.77 cents/pound
Thai Sugar Freight 10 10 USD/tonne
Exchange Rate 7.1169 7.1152 (CNY/USD)
Duty-paid Price within Quotas 3532 3520 CNY/tonne
   Price Spread with Shandong Sugar 2008 1990 CNY/tonne
 Price Spread with Guangxi Sugar 1868 1880 CNY/tonne
Price Spread with Yunnan Sugar 1768 1780 CNY/tonne
Price Spread with ZCE Contract* 1459 1398 CNY/tonne
Duty-paid Price beyond Quotas 5469 5450 CNY/tonne
   Price Spread with Shandong Sugar -29 60 CNY/tonne
 Price Spread with Guangxi Sugar -69 -50 CNY/tonne
Price Spread with Yunnan Sugar -169 -150 CNY/tonne
Price Spread with ZCE Contract -478 -532 CNY/tonne
*The most-active contract on the Zhengzhou Commodity Exchange