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Cost of Importing Brazil Sugar in China--5/21/2020

2020-05-22 www.cofeed.com
Item May. 21 May. 20 Unit
ICE Most-active Contract 10.98 11.19 cents/pound
Brz Raw Sugar Premiums 0.16 0.16 cents/pound
Brz Sugar Freight 23.25 23.25 USD/tonne
Exchange Rate 7.1309 7.1019 (CNY/USD)
Duty-paid Price within Quotas 3111 3146 CNY/tonne
   Price Spread with Shandong Sugar 2429 2394 CNY/tonne
 Price Spread with Guangxi Sugar 2309 2254 CNY/tonne
Price Spread with Yunnan Sugar 2189 2154 CNY/tonne
 Price Spread with ZCE Contract* 1971 1860 CNY/tonne
Duty-paid Price beyond Quotas 4791 4849 CNY/tonne
   Price Spread with Shandong Sugar 749 691 CNY/tonne
 Price Spread with Guangxi Sugar 619 551 CNY/tonne
Price Spread with Yunnan Sugar 509 451 CNY/tonne
Price Spread with ZCE Contract 291 157 CNY/tonne
*The most-active contract on the Zhengzhou Commodity Exchange