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Cost of Importing Soybean in China--7/16/2020

2020-07-16 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 882.75 73 185X 351 41 392 6.9914  3,158  17 
Aug 882.75 81 193X 354 41 395 6.9929  3,182  12 
Sep 882.75 86 200X 356 42 398 7.0044  3,209 
Oct 882.75 89 203X 357 42 399 7.0044  3,218 
Nov 882.75 89 203X 357 42 399 7.0509  3,239 
Dec 887.25 92 206F 360 42 402 7.0509  3,260  12 
Soybean,
US PNW
Oct 882.75 135 195X 374 22 396 7.0044  3,193  14 
Nov 882.75 135 195X 374 22 396 7.0509  3,214  13 
Dec 887.25 130 190F 374 22 396 7.0509  3,213  -2 
Soybean,
 Brazil
Jul 882.75 111 195X 365 31 396 6.9914  3,189  23 
Aug 882.75 116 200X 367 31 398 6.9929  3,204  17 
Sep 882.75 131 215X 372 31 403 7.0044  3,253  16 
Oct 882.75 139 222X 375 30.5 406 7.0044  3,272  17 
Nov 882.75 142 225X 376 30.5 407 7.0509  3,302  22 
Dec 887.25 139 222F 377 30.5 408 7.0509  3,306  18 
Jan,2021 887.25 80 160F 355 29.5 385 7.0509  3,127  22 
Feb,2021 884.5 65 145H 349 29.5 378 7.0509  3,075  21 
Mar,2021 884.5 46 126H 342 29.5 371 7.0509  3,020  24 
Apr,2021 885.25 43 123K 341 29.5 371 7.0509  3,013  14 
May,2021 885.25 48 128K 343 29.5 372 7.0509  3,028  23 
Soybean, Argentina Aug 882.75 79 185X 353 39 392 6.9929  3,160  12 
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