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Cost of Importing Soybean in China--10/13/2020

2020-10-13 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
Oct 1033.75 161 275X 439 42 481 6.7733  3,737  -55 
Nov 1033.75 161 275X 439 42 481 6.7885  3,746  -53 
Dec 1036.75 154 268F 437 42 479 6.8018  3,742  -51 
Jan 1036.75 149 263F 436 42 478 6.8018  3,727  -52 
Soybean,
US PNW
Oct 1033.75 197 265X 452 25 477 6.7733  3,709  -54 
Nov 1033.75 197 265X 452 25 477 6.7885  3,717  -53 
Dec 1036.75 190 258F 451 25 476 6.8018  3,713  -51 
Jan 1036.75 188 253F 450 24 474 6.8018  3,699  -52 
Soybean,
 Brazil
Oct 1033.75 222 305X 461 30.5 492 6.7733  3,820  -28 
Nov 1033.75 222 306X 461 31 492 6.7885  3,833  -29 
Dec 1036.75 222 305F 462 30.5 493 6.8018  3,844  34 
Jan 1036.75 136 216F 431 29.5 460 6.8018  3,596  28 
Feb 1025.75 111 190H 418 29 447 6.8419  3,511  10 
Mar 1025.75 96 175H 412 29 441 6.8419  3,469 
Apr 1024 78 160K 405 30 435 6.8419  3,420  -8 
May 1024 75 157K 404 30 434 6.8419  3,412  -25 
Jun 1028.25 78 160N 406 30 436 6.8419  3,432  -9 
Jul 1028.25 83 165N 408 30 438 6.8419  3,447  -14 
Soybean, Argentina Nov 1033.75 136 248X 430 41 471 6.7885  3,668   
May 1028.25 47 150N 395 38 433 6.8419  3,406 
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