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Cost of Importing Soybean in China--6/2/2020

2020-06-02 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 840.5 67 160N 333 34 367 7.1340  3,023  -6 
Aug 840.5 76 171N 337 35 372 7.1460  3,062  -3 
Sep 840.5 85 183N 340 36 376 7.1460  3,097  -5 
Oct 852.25 86 187X 345 37 382 7.1760  3,155  -3 
Soybean,
US PNW
Oct 852.25 98 155X 349 21 370 7.1760  3,062  -3 
Soybean,
 Brazil
Jul 840.5 115 182N 351 24 375 7.1340  3,084  -4 
Aug 843.25 114 191Q 352 25.5 377 7.1460  3,106  -4 
Sep 852.25 117 194X 356 27 383 7.1460  3,154  -1 
Feb,2021 854.5 65 138H 338 27 365 7.1760  3,019  0 
Mar,2021 854.5 43 116H 330 27 357 7.1760  2,954  0 
Apr,2021 855.75 42 115K 330 27 357 7.1760  2,955  4 
May,2021 855.75 42 121K 330 29 359 7.1760  2,971  1 
Soybean, Argentina Jun 840.5 40 130N 323 33 356 7.1190  2,929  -5 
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