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Cost of Importing Soybean in China--8/17/2020

2020-08-17 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
Aug 898.75 103 223X 368 44 412 6.9506  3,295  -6 
Sep 898.75 106 226X 369 44 413 6.9650  3,311  -5 
Oct 898.75 108 228X 370 44 414 6.9783  3,323  -2 
Nov 898.75 102 222X 368 44 412 6.9783  3,305  -26 
Dec 903.75 100 220F 369 44 413 7.0179  3,332  -36 
Soybean,
US PNW
Oct 898.75 153 214X 386 22.5 409 6.9783  3,284 
Nov 898.75 147 208X 384 22.5 407 6.9783  3,266  -6 
Dec 898.75 145 206F 383 22.5 406 7.0179  3,279  -21 
Soybean,
 Brazil
Aug 898.75 145 235X 383 33 416 6.9506  3,330  -34 
Sep 898.75 147 237X 384 33 417 6.9650  3,342  -31 
Oct 898.75 151 242X 386 33.5 419 6.9783  3,364  -31 
Nov 898.75 157 244X 388 32 420 6.9783  3,370  -48 
Dec 903.75 158 242F 390 31 421 7.0179  3,398  -44 
Jan,2021 903.75 105 185F 371 29.5 400 7.0179  3,233 
Feb,2021 904.25 95 175H 367 29.5 397 7.0179  3,205 
Mar,2021 904.25 69 148H 358 29 387 7.0179  3,126  -8 
Apr,2021 907.5 58 140K 355 30 385 7.0179  3,111  -5 
May,2021 907.5 51 135K 352 31 383 7.0179  3,099  -28 
Jun,2021 914.25 51 135N 355 31 386 7.0179  3,118  -43 
Soybean, Argentina Sep 898.75 105 215X 369 40.5 409 6.9650  3,280  -5 
May,2021 914.25 17 115N 342 36 378 7.0179  3,059  -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