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Cost of Importing Soybean in China--10/14/2020

2020-10-14 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 1044 161 275X 443 42 485 6.7536  3,755  18 
Nov 1044 161 275X 443 42 485 6.7702  3,764  18 
Dec 1047 154 268F 441 42 483 6.7844  3,761  19 
Jan 1047 149 263F 439 42 481 6.7844  3,747  20 
Soybean,
US PNW
Oct 1044 197 265X 456 25 481 6.7536  3,727  18 
Nov 1044 197 265X 456 25 481 6.7702  3,736  19 
Dec 1047 190 258F 454 25 479 6.7844  3,732  19 
Jan 1047 188 253F 454 24 478 6.7844  3,719  20 
Soybean,
 Brazil
Oct 1044 222 305X 465 30.5 496 6.7536  3,838  18 
Nov 1044 222 306X 465 31 496 6.7702  3,851  18 
Dec 1047 222 305F 466 30.5 497 6.7844  3,864  20 
Jan 1047 136 216F 435 29.5 464 6.7844  3,615  19 
Feb 1037.25 111 190H 422 29 451 6.8262  3,535  24 
Mar 1037.25 96 175H 416 29 445 6.8262  3,493  24 
Apr 1034.5 78 160K 409 30 439 6.8262  3,442  22 
May 1034.5 75 157K 408 30 438 6.8262  3,434  22 
Jun 1038.5 78 160N 410 30 440 6.8262  3,454  22 
Jul 1038.5 83 165N 412 30 442 6.8262  3,468  21 
Soybean, Argentina Nov 1044 136 248X 434 41 475 6.7702  3,687  19 
May 1038.5 47 150N 399 38 437 6.8262  3,428  22 
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