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Cost of Importing Soybean in China--6/11/2020

2020-06-11 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 865.5 75 159N 346 31 377 7.0740  3,070  3 
Aug 877 82 166X 352 31 383 7.0850  3,129  37 
Sep 877 80 175X 352 35 387 7.0850  3,155  36 
Oct 877 84 182X 353 36 389 7.1170  3,189  -2 
Nov 877 84 182X 353 36 389 7.1170  3,189 
Dec 881.25 92 190F 358 36 394 7.1170  3,225 
Soybean,
US PNW
Oct 877 107 164X 362 21 383 7.1170  3,136  -2 
Nov 877 118 175X 366 21 387 7.1170  3,169 
Dec 881.25 115 172F 366 21 387 7.1170  3,172 
Soybean,
 Brazil
Jul 865.5 135 200N 368 24 392 7.0740  3,190  47 
Aug 867.75 140 208Q 370 25 395 7.0850  3,224  46 
Sep 877 140 211X 374 26 400 7.0850  3,259  42 
Oct 877 131 202X 370 26 396 7.1170  3,247 
Nov 877 139 210X 373 26 399 7.1170  3,270 
Dec 881.25 136 207F 374 26 400 7.1170  3,274 
Feb,2021 877.25 65 138H 346 27 373 7.1170  3,062  6 
Mar,2021 877.25 55 128H 343 27 370 7.1170  3,032  14 
Apr,2021 878 45 121K 339 28 367 7.1170  3,013  0 
May,2021 878 50 126K 341 28 369 7.1170  3,028  0 
Soybean, Argentina Jun 867.75 63 150Q 342 32 374 7.0625  3,045  22 
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