Today is 05/02/2025

Cost of Importing Soybean in China--8/21/2020

2020-08-21 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 905.25 103 225X 370 45 415 6.9076  3,302  -35 
Sep 905.25 107 228X 372 44.5 416 6.9076  3,309  -36 
Oct 905.25 106 226X 372 44 416 6.9196  3,308  -36 
Nov 905.25 103 223X 370 44 414 6.9330  3,306  -36 
Dec 911.75 102 222F 372 44 416 6.9330  3,322  -34 
Soybean,
US PNW
Oct 905.25 150 213X 388 23 411 6.9196  3,271  -35 
Nov 905.25 145 208X 386 23 409 6.9330  3,262  -37 
Dec 911.75 143 206F 388 23 411 6.9330  3,275  -35 
Soybean,
 Brazil
Aug 905.25 145 235X 386 33 419 6.9076  3,328  -36 
Sep 905.25 147 237X 387 33 420 6.9076  3,334  -36 
Oct 905.25 151 242X 388 33.5 422 6.9196  3,355  -36 
Nov 905.25 157 244X 390 32 422 6.9330  3,367  -36 
Dec 911.75 158 242F 393 31 424 6.9330  3,380  -36 
Jan,2021 911.75 107 187F 374 29.5 404 6.9731  3,241  -35 
Feb,2021 913.75 95 175H 371 29.5 400 6.9731  3,212  -34 
Mar,2021 913.75 66 145H 360 29 389 6.9731  3,125  -34 
Apr,2021 917.25 52 135K 356 30.5 387 6.9731  3,107  -30 
May,2021 917.25 58 141K 358 30.5 389 6.9731  3,124  -30 
Jun,2021 923 57 140N 360 30.5 391 6.9731  3,138  -30 
Soybean, Argentina Sep 905.25 104 216X 371 41 412 6.9076  3,274  -29 
May,2021 923 11 113N 343 37.5 381 6.9731  3,060  -30 
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