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Cost of Importing Soybean in China--7/24/2020

2020-07-24 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 900 87 196X 363 40 403 7.0135  3,250  18 
Aug 900 92 202X 364 40.5 405 7.0135  3,269  19 
Sep 900 96 208X 366 41 407 7.0272  3,290  19 
Oct 900 99 212X 367 41.5 409 7.0390  3,309  19 
Nov 900 99 213X 367 42 409 7.0390  3,312  18 
Dec 905 103 217F 370 42 412 7.0760  3,356  21 
Soybean,
US PNW
Oct 900 131 191X 379 22 401 7.0390  3,247  18 
Nov 900 131 191X 379 22 401 7.0390  3,247  18 
Dec 905 133 193F 381 22 403 7.0760  3,284  20 
Soybean,
 Brazil
Aug 900 127 206X 377 29 406 7.0135  3,279  18 
Sep 900 142 221X 383 29 412 7.0272  3,329  19 
Oct 900 148 228X 385 29.5 415 7.0390  3,356  19 
Nov 900 149 231X 385 30 415 7.0390  3,363  19 
Dec 905 146 228F 386 30 416 7.0760  3,386  20 
Jan,2021 905 89 165F 365 28 393 7.0760  3,204  20 
Feb,2021 900.75 75 151H 358 28 386 7.0760  3,150  15 
Mar,2021 900.75 56 132H 352 28 380 7.0760  3,095  16 
Apr,2021 901 51 129K 350 28.5 378 7.0760  3,085  -1 
May,2021 901 55 133K 351 28.5 380 7.0760  3,097 
Soybean, Argentina Aug 900 80 181X 360 37 397 7.0135  3,206  18 
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