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Cost of Importing Soybean in China--9/30/2020

2020-09-30 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 993 142 256X 417 42 459 6.8235  3,596  -17 
Oct 993 141 255X 417 42 459 6.8395  3,602  -17 
Nov 993 141 255X 417 42 459 6.8530  3,609  -17 
Dec 997 135 249F 416 42 458 6.8530  3,603  -17 
Jan 997 130 235F 414 38.5 453 6.8921  3,582  -17 
Soybean,
US PNW
Oct 993 177 245X 430 25 455 6.8395  3,573  -17 
Nov 993 178 246X 430 25 455 6.8530  3,582  -18 
Dec 997 172 240F 429 25 454 6.8530  3,577  -17 
Soybean,
 Brazil
Sep 993 182 258X 432 28 460 6.8235  3,602  -17 
Oct 993 185 261X 433 28 461 6.8395  3,618  -17 
Nov 993 185 264X 433 29 462 6.8530  3,633  -18 
Dec 997 182 261F 433 29 462 6.8530  3,636  -17 
Jan 997 106 185F 405 29 434 6.8921  3,440  -17 
Feb 993.75 100 180H 402 29.5 431 6.8921  3,418  -15 
Mar 993.75 77 159H 393 30 423 6.8921  3,356  -15 
Apr 993.75 70 153K 391 30.5 421 6.8921  3,340  -14 
May 993.75 72 155K 392 30.5 422 6.8921  3,346  -14 
Jun 998.5 77 160N 395 30.5 426 6.8921  3,373  -12 
Soybean, Argentina Sep 993 110 222X 405 41 446 6.8235  3,499  -16 
May 998.5 35 138N 380 38 418 6.8921  3,312  -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