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Cost of Importing Soybean in China--7/27/2020

2020-07-27 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 899.25 87 196X 362 40 402 7.0125  3,248  -2 
Aug 899.25 92 202X 364 40.5 405 7.0125  3,266  -3 
Sep 899.25 101 213X 367 41 408 7.0267  3,303  13 
Oct 899.25 103 216X 368 41.5 410 7.0390  3,318 
Nov 899.25 102 216X 368 42 410 7.0390  3,319 
Dec 904.75 106 220F 371 42 413 7.0775  3,364 
Soybean,
US PNW
Oct 899.25 135 195X 380 22 402 7.0390  3,257  10 
Nov 899.25 137 197X 381 22 403 7.0390  3,263  16 
Dec 904.75 135 195F 382 22 404 7.0775  3,290 
Soybean,
 Brazil
Aug 899.25 129 208X 378 29 407 7.0125  3,283 
Sep 899.25 144 223X 383 29 412 7.0267  3,333 
Oct 899.25 150 230X 385 29.5 415 7.0390  3,360 
Nov 899.25 151 233X 386 30 416 7.0390  3,366 
Dec 904.75 148 230F 387 30 417 7.0775  3,392 
Jan,2021 904.75 94 170F 367 28 395 7.0775  3,218  14 
Feb,2021 900.75 82 158H 361 28 389 7.0775  3,171  21 
Mar,2021 900.75 59 135H 353 28 381 7.0775  3,104 
Apr,2021 901.25 52 130K 350 28.5 379 7.0775  3,089 
May,2021 901.25 56 134K 352 28.5 380 7.0775  3,101 
Soybean, Argentina Aug 899.25 80 181X 360 37 397 7.0125  3,204  -2 
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