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Cost of Importing Soybean in China--7/20/2020

2020-07-20 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 895 81 190X 359 40 399 6.9920  3,209 
Aug 895 92 202X 363 40.5 403 6.9920  3,244 
Sep 895 93 205X 363 41 404 7.0040  3,257 
Oct 895 95 208X 364 41.5 405 7.0160  3,272 
Nov 895 92 206X 363 42 405 7.0160  3,267 
Dec 899.25 96 210F 366 42 408 7.0525  3,308 
Soybean,
US PNW
Oct 895 130 190X 377 22 399 7.0160  3,220  -7 
Nov 895 130 190X 377 22 399 7.0160  3,220  -7 
Dec 899.25 125 185F 376 22 398 7.0525  3,234  -6 
Soybean,
 Brazil
Aug 895 120 199X 373 29 402 6.9920  3,235 
Sep 895 128 207X 376 29 405 7.0040  3,263  -17 
Oct 895 134 214X 378 29.5 408 7.0160  3,290  -17 
Nov 895 136 218X 379 30 409 7.0160  3,300  -15 
Dec 899.25 133 215F 379 30 409 7.0525  3,320  -14 
Jan,2021 899.25 82 158F 361 28 389 7.0525  3,156 
Feb,2021 896 65 148H 353 28 381 7.0525  3,097  -11 
Mar,2021 896 49 128H 347 28 375 7.0525  3,051 
Apr,2021 894.75 45 123K 345 28.5 374 7.0525  3,039 
May,2021 894.75 50 129K 347 28.5 376 7.0525  3,054 
Soybean, Argentina Aug 895 80 183X 358 37 395 6.9920  3,182  -1 
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