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Cost of Importing Thailand 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
Thai Raw Sugar Premiums 2.85 2.77 cents/pound
Thai Sugar Freight 10 10 USD/tonne
Exchange Rate 7.1309 7.1019 (CNY/USD)
Duty-paid Price within Quotas 3585 3601 CNY/tonne
   Price Spread with Shandong Sugar 1955 1939 CNY/tonne
 Price Spread with Guangxi Sugar 1825 1799 CNY/tonne
Price Spread with Yunnan Sugar 1715 1699 CNY/tonne
Price Spread with ZCE Contract* 1497 1465 CNY/tonne
Duty-paid Price beyond Quotas 5555 5581 CNY/tonne
   Price Spread with Shandong Sugar -15 -41 CNY/tonne
 Price Spread with Guangxi Sugar -155 -181 CNY/tonne
Price Spread with Yunnan Sugar -255 -281 CNY/tonne
Price Spread with ZCE Contract -473 -515 CNY/tonne
*The most-active contract on the Zhengzhou Commodity Exchange