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Cost of Importing Soybean in China--9/7/2020

2020-09-07 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 968 105 227X 394 45 439 6.8400  3,453 
Oct 968 105 227X 394 45 439 6.8530  3,459  -1 
Nov 968 104 224X 394 44 438 6.8662  3,455  -1 
Dec 973.5 98 212F 394 42 436 6.8662  3,438  -4 
Jan,2021 973.5 98 212F 394 42 436 6.9069  3,458  -2 
Soybean,
US PNW
Oct 968 140 208X 407 25 432 6.8530  3,404  -1 
Nov 968 138 206X 406 25 431 6.8662  3,405  -1 
Dec 973.5 136 204F 408 25 433 6.8662  3,415  -3 
Soybean,
 Brazil
Sep 968 170 260X 418 33 451 6.8400  3,544  -9 
Oct 968 172 262X 419 33 452 6.8530  3,556  -7 
Nov 968 173 257X 419 31 450 6.8662  3,550  -10 
Dec 973.5 174 256F 422 30 452 6.8662  3,561  -12 
Jan,2021 973.5 106 185F 397 29 426 6.9069  3,380  -2 
Feb,2021 973.75 86 162H 389 28 417 6.9069  3,316  -3 
Mar,2021 973.75 63 142H 381 29 410 6.9069  3,259  -2 
Apr,2021 975.5 49 131K 376 30 406 6.9069  3,231  -2 
May,2021 975.5 53 135K 378 30 408 6.9069  3,243  -2 
Jun,2021 978 58 140N 381 30 411 6.9069  3,264  -2 
Soybean, Argentina Sep 968 95 207X 391 41 432 6.8400  3,394 
May,2021 978 10 111N 363 37 400 6.9069  3,182  -1 
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