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Cost of Importing Soybean in China--9/2/2020

2020-09-02 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
Sep 954.75 104 224X 389 44 433 6.8495  3,410 
Oct 954.75 110 224X 391 42 433 6.8613  3,417 
Nov 954.75 109 223X 391 42 433 6.8750  3,421 
Dec 961 100 214F 390 42 432 6.8750  3,413 
Soybean,
US PNW
Oct 954.75 141 204X 403 23 426 6.8613  3,358 
Nov 954.75 140 203X 402 23 425 6.8750  3,362 
Dec 961 139 202F 404 23 427 6.8750  3,377 
Soybean,
 Brazil
Sep 954.75 185 275X 419 33 452 6.8495  3,554 
Oct 954.75 183 273X 418 33 451 6.8613  3,554 
Nov 954.75 186 270X 419 31 450 6.8750  3,554 
Dec 961 186 268F 421 30 451 6.8750  3,564 
Jan,2021 961 112 190F 394 28.5 423 6.9146  3,362 
Feb,2021 961.75 87 165H 385 28.5 414 6.9146  3,292 
Mar,2021 961.75 65 143H 377 28.5 406 6.9146  3,230 
Apr,2021 963 50 133K 372 30.5 403 6.9146  3,206 
May,2021 963 55 138K 374 30.5 405 6.9146  3,220 
Jun,2021 965.75 57 140N 376 30.5 406 6.9146  3,234 
Soybean, Argentina Sep 954.75 104 216X 389 41 430 6.8495  3,387 
May,2021 965.75 8 110N 358 37.5 395 6.9146  3,148 
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