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Cost of Importing Thailand 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
Thai Raw Sugar Premiums 2.77 2.77 cents/pound
Thai Sugar Freight 10 10 USD/tonne
Exchange Rate 7.1019 7.1169 (CNY/USD)
Duty-paid Price within Quotas 3601 3532 CNY/tonne
   Price Spread with Shandong Sugar 1939 2008 CNY/tonne
 Price Spread with Guangxi Sugar 1799 1868 CNY/tonne
Price Spread with Yunnan Sugar 1699 1768 CNY/tonne
Price Spread with ZCE Contract* 1465 1459 CNY/tonne
Duty-paid Price beyond Quotas 5581 5469 CNY/tonne
   Price Spread with Shandong Sugar -41 -29 CNY/tonne
 Price Spread with Guangxi Sugar -181 -69 CNY/tonne
Price Spread with Yunnan Sugar -281 -169 CNY/tonne
Price Spread with ZCE Contract -515 -478 CNY/tonne
*The most-active contract on the Zhengzhou Commodity Exchange