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Cost of Importing Soybean in China--7/29/2020

2020-07-29 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 887.5 93 202X 360 40 400 7.0101  3,230  -12 
Aug 887.5 105 215X 365 40.5 405 7.0101  3,269 
Sep 887.5 110 222X 366 41 407 7.0361  3,299 
Oct 887.5 111 224X 367 41.5 408 7.0729  3,323  11 
Nov 887.5 110 224X 366 42 408 7.0729  3,324 
Dec 893.25 111 225F 369 42 411 7.0974  3,355  -2 
Soybean,
US PNW
Oct 887.5 144 204X 379 22 401 7.0729  3,264  13 
Nov 887.5 145 205X 379 22 401 7.0729  3,267 
Dec 893.25 142 202F 380 22 402 7.0974  3,286  -3 
Soybean,
 Brazil
Aug 887.5 151 230X 382 29 411 7.0101  3,311  14 
Sep 887.5 146 225X 380 29 409 7.0361  3,309  -23 
Oct 887.5 150 230X 381 29.5 411 7.0729  3,341  -12 
Nov 887.5 156 238X 383 30 413 7.0729  3,363  -11 
Dec 893.25 150 232F 383 30 413 7.0974  3,373  -17 
Jan,2021 893.25 99 175F 365 28 393 7.0974  3,208  -3 
Feb,2021 890.25 89 165H 360 28 388 7.0974  3,170  -4 
Mar,2021 890.25 64 140H 351 28 379 7.0974  3,097  -4 
Apr,2021 892.25 52 130K 347 28.5 375 7.0974  3,071  -17 
May,2021 892.25 56 134K 348 28.5 377 7.0974  3,083  -17 
Soybean, Argentina Aug 887.5 94 195X 361 37 398 7.0101  3,209  11 
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