Today is 05/24/2025

Cost of Importing Soybean in China--6/9/2020

2020-06-09 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 864.75 75 159N 345 31 376 7.0795  3,071  -11 
Aug 864.75 82 166N 348 31 379 7.0905  3,096  -11 
Sep 864.75 91 175N 351 31 382 7.0905  3,122  -12 
Oct 878 87 182X 355 35 390 7.1200  3,194  -9 
Soybean,
US PNW
Oct 878 107 164X 362 21 383 7.1200  3,141  -8 
Soybean,
 Brazil
Jul 864.75 120 185N 362 24 386 7.0795  3,146  -12 
Aug 867.5 125 193Q 365 25 390 7.0905  3,182  -25 
Sep 878 125 196X 369 26 395 7.0905  3,220  -23 
Feb,2021 880.75 61 134H 346 27 373 7.1200  3,062  -7 
Mar,2021 880.75 48 121H 341 27 368 7.1200  3,023  -8 
Apr,2021 883.75 42 118K 340 28 368 7.1200  3,023  -9 
May,2021 883.75 47 123K 342 28 370 7.1200  3,037  -10 
Soybean, Argentina Jun 864.75 59 146N 339 32 371 7.0675  3,027  -10 
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