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Cost of Importing Soybean in China--7/2/2020

2020-07-02 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 893.75 81 190N 358 40 398 7.0705  3,240  30 
Aug 899 80 190X 360 40.5 400 7.0830  3,262  40 
Sep 899 88 200X 363 41 404 7.0940  3,295  58 
Oct 899 89 202X 363 41.5 404 7.0940  3,302  49 
Nov 899 90 203X 363 41.5 405 7.1250  3,319  49 
Dec 903.5 88 201F 364 41.5 406 7.1250  3,326  61 
Soybean,
US PNW
Oct 899 128 188X 377 22 399 7.0940  3,260  47 
Nov 899 128 188X 377 22 399 7.1250  3,274  48 
Dec 903.5 123 183F 377 22 399 7.1250  3,273  54 
Soybean,
 Brazil
Jul 893.75 116 198N 371 30 401 7.0705  3,263  22 
Aug 891.5 119 201Q 371 30 401 7.0830  3,271  32 
Sep 899 124 207X 376 30.5 406 7.0940  3,316  43 
Oct 899 131 214X 378 30.5 409 7.0940  3,337  43 
Nov 899 137 220X 381 30.5 411 7.1250  3,369  43 
Dec 903.5 134 217F 381 30.5 412 7.1250  3,373  49 
Jan,2021 903.5 77 157F 360 29.5 390 7.1250  3,198   
Feb,2021 896 61 141H 352 29.5 381 7.1250  3,129  45 
Mar,2021 896 47 127H 346 29.5 376 7.1250  3,087  44 
Apr,2021 893.75 42 122K 344 29.5 373 7.1250  3,066  43 
May,2021 893.75 47 127K 346 29.5 375 7.1250  3,081  43 
Soybean, Argentina Aug 891.5 73 176Q 354 38 392 7.0830  3,200  40 
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