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Cost of Importing Soybean in China--9/22/2020

2020-09-22 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 1022.5 142 256X 428 42 470 6.8034  3,669  -12 
Oct 1022.5 141 255X 427 42 469 6.8160  3,673  -20 
Nov 1022.5 141 255X 427 42 469 6.8290  3,679 
Dec 1027.5 135 249F 427 42 469 6.8290  3,677  15 
Jan 1027.5 130 235F 425 38.5 464 6.8680  3,656 
Soybean,
US PNW
Oct 1022.5 174 242X 440 25 465 6.8160  3,635  -24 
Nov 1022.5 175 243X 440 25 465 6.8290  3,645  -26 
Dec 1027.5 172 240F 441 25 466 6.8290  3,650  -21 
Soybean,
 Brazil
Sep 1022.5 182 258X 443 28 471 6.8034  3,674  -35 
Oct 1022.5 180 256X 442 28 470 6.8160  3,675  -43 
Nov 1022.5 180 259X 442 29 471 6.8290  3,690  -43 
Dec 1027.5 182 261F 444 29 473 6.8290  3,709  -43 
Jan 1027.5 111 190F 418 29 447 6.8680  3,529  -41 
Feb 1021 108 188H 415 29.5 444 6.8680  3,506  -16 
Mar 1021 82 162H 405 29.5 435 6.8680  3,432  -25 
Apr 1017 65 147K 398 30 428 6.8680  3,377  -15 
May 1017 68 150K 399 30 429 6.8680  3,385  -18 
Jun 1018.75 72 154N 401 30 431 6.8680  3,401  -13 
Soybean, Argentina Sep 1022.5 110 222X 416 41 457 6.8034  3,571  -2 
May 1018.75 28 129N 385 37 422 6.8680  3,331 
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