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Cost of Importing Soybean in China--6/19/2020

2020-06-19 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 873 90 183N 354 34 388 7.0892  3,167 
Aug 876 97 192X 357 35 392 7.1015  3,209  -2 
Sep 876 93 191X 356 36 392 7.1127  3,210 
Oct 876 101 199X 359 36 395 7.1127  3,234  -3 
Nov 876 101 199X 359 36 395 7.1346  3,244  -8 
Dec 879.25 99 197F 359 36 395 7.1346  3,247  -2 
Soybean,
US PNW
Oct 876 125 185X 368 22 390 7.1127  3,192  14 
Nov 876 125 185X 368 22 390 7.1346  3,202  10 
Dec 879.25 120 180F 367 22 389 7.1346  3,197  10 
Soybean,
 Brazil
Jul 873 139 215N 372 28 400 7.0892  3,262 
Aug 872.5 139 215Q 372 28 400 7.1015  3,266 
Sep 876 139 217X 373 28.5 401 7.1127  3,285  -3 
Oct 876 140 216X 373 28 401 7.1127  3,284 
Nov 876 146 222X 375 28 403 7.1346  3,312  -2 
Dec 879.25 143 219F 376 28 404 7.1346  3,313  -2 
Feb,2021 875 69 145H 347 28 375 7.1346  3,082  -10 
Mar,2021 875 55 131H 342 28 370 7.1346  3,041  -10 
Apr,2021 874.5 50 126K 340 28 368 7.1346  3,025  -12 
May,2021 874.5 55 131K 341 28 369 7.1346  3,040  -12 
Soybean, Argentina Jul 872.5 80 175Q 350 35 385 7.0892  3,144 
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