Today is 05/06/2025

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

2020-07-29 www.cofeed.com
Product Delivery CBOT Var. Premium FOB Freight CFR China  Duty Paid Var.
/lb /lb 0.01/lb USD/tonne USD/tonne USD/tonne CNY/tonne CNY/tonne
SBO, Argentina Aug-2020 29.42 -0.18 +430Q 744 63 807 6780 60
Sep-2020 29.53 -0.18 +380U 735 63 798 6710 60
Oct/Dec-2020 29.92 -0.22 +240Z 713 63 776 6520 20
   
SBO, Brazil Sep-2020 29.53 -0.18 +580U 779 63 842 7070 130
Oct/Nov/Dec-20 29.92 -0.22 +300Z 726 63 789 6630 30
Jan-21 30.13 -0.24 +200F 709 70 779 6550 10
Duty paid price includes the port charge (port charge= CNY80).
Freight is subject to change and for reference only.
The quotation in actual transaction shall prevail.
The tariff for soybean oil from Argentina and Brazil is 9%, and the addtional tariff for US soybean oil is 25%.
F=Jan, G=Feb, H=Mar, J=Apr, K=May, M=Jun, N=Jul, Q=Aug, U=Sept, V=Oct, X=Nov, Z=Dec.