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Cost of Importing Soybean in China--6/29/2020

2020-06-29 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 85 194N 349 40 389 7.0764  3,171  23 
Aug 861.25 90 200X 349 40.5 390 7.0943  3,186  -6 
Sep 861.25 89 201X 349 41 390 7.0989  3,189 
Oct 861.25 89 202X 349 41.5 391 7.0989  3,193  -14 
Nov 861.25 89 202X 349 41.5 391 7.1368  3,210  -11 
Dec 864 85 198F 349 41.5 390 7.1368  3,206  -15 
Soybean,
US PNW
Oct 861.25 122 183X 361 22.5 384 7.0989  3,138  -26 
Nov 861.25 122 183X 361 22.5 384 7.1368  3,155  -23 
Dec 864 117 178F 360 22.5 383 7.1368  3,148  -27 
Soybean,
 Brazil
Jul 865 123 202N 363 29 392 7.0764  3,194  -7 
Aug 860 125 204Q 362 29 391 7.0943  3,193  -23 
Sep 861.25 128 208X 363 29.5 393 7.0989  3,212  -21 
Oct 861.25 132 214X 365 30 395 7.0989  3,227  -26 
Nov 861.25 138 220X 367 30 397 7.1368  3,262  -24 
Dec 864 135 217F 367 30 397 7.1368  3,261  -28 
Feb,2021 860.5 65 141H 340 28 368 7.1368  3,029  -27 
Mar,2021 860.5 45 123H 333 28.5 361 7.1368  2,974  -49 
Apr,2021 861.25 42 124K 332 30 362 7.1368  2,979  -35 
May,2021 861.25 46 128K 333 30 363 7.1368  2,991  -32 
Soybean, Argentina Aug 860 75 176Q 344 37 381 7.0943  3,111  -13 
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