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Cost of Importing Soybean in China--6/23/2020

2020-06-23 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 876.25 71 180N 348 40 388 7.0838  3,166  -27 
Aug 879.25 84 194X 354 40.5 394 7.0953  3,222  -3 
Sep 879.25 76 188X 351 41 392 7.1063  3,207  -12 
Oct 879.25 86 198X 355 41 396 7.1063  3,236  -12 
Nov 879.25 86 198X 355 41 396 7.1398  3,251  -11 
Dec 882.75 82 194F 354 41 395 7.1398  3,250  -11 
Soybean,
US PNW
Oct 879.25 123 183X 368 22 390 7.1063  3,193  -8 
Nov 879.25 123 183X 368 22 390 7.1398  3,208  -8 
Dec 882.75 118 178F 368 22 390 7.1398  3,204  -7 
Soybean,
 Brazil
Jul 876.25 116 195N 365 29 394 7.0838  3,210  -42 
Aug 875 121 201Q 366 29.5 395 7.0953  3,230  -26 
Sep 879.25 125 207X 369 30 399 7.1063  3,263  -18 
Oct 879.25 132 214X 372 30 402 7.1063  3,284  -6 
Nov 879.25 138 220X 374 30 404 7.1398  3,316  -6 
Dec 882.75 135 217F 374 30 404 7.1398  3,318  -5 
Feb,2021 878.25 58 141H 344 30.5 374 7.1398  3,082  -16 
Mar,2021 878.25 47 130H 340 30.5 370 7.1398  3,049  -7 
Apr,2021 877.75 42 125K 338 30.5 368 7.1398  3,033 
May,2021 877.75 45 128K 339 30.5 370 7.1398  3,042  -5 
Soybean, Argentina Aug 875 75 173Q 349 36 385 7.0953  3,147 
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