Today is 03/29/2024

Cost of Importing Soybean in China--6/8/2020

2020-06-08 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 867.75 75 159N 346 31 377 7.0865  3,082  -23 
Aug 867.75 82 166N 349 31 380 7.0975  3,107  -29 
Sep 867.75 91 175N 352 31 383 7.0975  3,134  -16 
Oct 879.5 87 182X 355 35 390 7.1300  3,203  -8 
Soybean,
US PNW
Oct 879.5 107 164X 362 21 383 7.1300  3,149  -8 
Soybean,
 Brazil
Jul 867.75 120 185N 363 24 387 7.0865  3,158  -14 
Aug 870 130 198Q 367 25 392 7.0975  3,207  0 
Sep 879.5 130 201X 371 26 397 7.0975  3,243  -8 
Feb,2021 881.75 61 134H 346 27 373 7.1300  3,069  2 
Mar,2021 881.75 48 121H 342 27 369 7.1300  3,031  -3 
Apr,2021 885.5 42 118K 341 28 369 7.1300  3,032  -1 
May,2021 885.5 47 123K 343 28 371 7.1300  3,047  0 
Soybean, Argentina Jun 867.75 59 146N 340 32 372 7.0720  3,037  13 
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