Today is 05/04/2025

Cost of Importing Soybean in China--5/20/2020

2020-05-20 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 842.5 73 156N 336 30.5 367 7.1115  3,009  -9 
Aug 842.5 78 161N 338 30.5 369 7.1220  3,028  -9 
Sep 842.5 75 163N 337 32.5 370 7.1220  3,035  -9 
Oct 850.25 84 179X 343 35 378 7.1480  3,115  4 
Soybean,
US PNW
Oct 850.25 115 164X 355 18 373 7.1480  3,070  4 
Soybean,
 Brazil
Jul 842.5 90 153N 343 23 366 7.1115  2,999  3 
Aug 845.25 96 161Q 346 24 370 7.1220  3,037  9 
Sep 850.25 105 170X 351 24 375 7.1220  3,078  15 
Feb,2021 847 47 118H 328 26 354 7.1480  2,925  -3 
Mar,2021 847 34 106H 324 26.5 350 7.1480  2,890  -4 
Apr,2021 845.25 32 105K 322 27 349 7.1480  2,883  -1 
May,2021 845.25 35 108K 323 27 350 7.1480  2,892  -1 
Soybean, Argentina Jun 842.5 38 122N 323 31 354 7.0995  2,906  -8 
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