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Cost of Importing Soybean in China--6/18/2020

2020-06-18 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 871.25 90 183N 353 34 387 7.0878  3,161  37 
Aug 876.5 97 192X 358 35 393 7.1027  3,211  44 
Sep 876.5 91 189X 355 36 391 7.1157  3,207  21 
Oct 876.5 101 199X 359 36 395 7.1157  3,237  21 
Nov 876.5 101 199X 359 36 395 7.1492  3,252  23 
Dec 879.75 97 195F 359 36 395 7.1492  3,249  21 
Soybean,
US PNW
Oct 876.5 119 179X 366 22 388 7.1157  3,178  16 
Nov 876.5 119 179X 366 22 388 7.1492  3,192  25 
Dec 879.75 114 174F 365 22 387 7.1492  3,187  18 
Soybean,
 Brazil
Jul 871.25 139 215N 371 28 399 7.0878  3,256  45 
Aug 871.75 139 215Q 371 28 399 7.1027  3,264  36 
Sep 876.5 139 217X 373 28.5 402 7.1157  3,288  30 
Oct 876.5 138 214X 373 28 401 7.1157  3,281  24 
Nov 876.5 144 220X 375 28 403 7.1492  3,314  25 
Dec 879.75 141 217F 375 28 403 7.1492  3,315  25 
Feb,2021 876.25 69 145H 347 28 375 7.1492  3,092  16 
Mar,2021 876.25 55 131H 342 28 370 7.1492  3,051  16 
Apr,2021 876.5 50 126K 340 28 368 7.1492  3,037  17 
May,2021 876.5 55 131K 342 28 370 7.1492  3,052  17 
Soybean, Argentina Jul 871.75 80 175Q 350 35 385 7.0878  3,141  29 
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