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Cost of Importing Brazil Sugar in China--5/20/2020

2020-05-21 www.cofeed.com
Item May. 20 May. 19 Unit
ICE Most-active Contract 11.19 10.85 cents/pound
Brz Raw Sugar Premiums 0.16 0.13 cents/pound
Brz Sugar Freight 23.25 23.25 USD/tonne
Exchange Rate 7.1019 7.1169 (CNY/USD)
Duty-paid Price within Quotas 3146 3069 CNY/tonne
   Price Spread with Shandong Sugar 2394 2471 CNY/tonne
 Price Spread with Guangxi Sugar 2254 2331 CNY/tonne
Price Spread with Yunnan Sugar 2154 2231 CNY/tonne
 Price Spread with ZCE Contract* 1860 1922 CNY/tonne
Duty-paid Price beyond Quotas 4849 4725 CNY/tonne
   Price Spread with Shandong Sugar 691 815 CNY/tonne
 Price Spread with Guangxi Sugar 551 675 CNY/tonne
Price Spread with Yunnan Sugar 451 575 CNY/tonne
Price Spread with ZCE Contract 157 266 CNY/tonne
*The most-active contract on the Zhengzhou Commodity Exchange