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Cost of Importing Soybean in China--10/16/2020

2020-10-16 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 1062.25 161 275X 449 42 491 6.7318  3,794  19 
Nov 1062.25 161 275X 449 42 491 6.7470  3,802  19 
Dec 1062 156 270F 447 42 489 6.7613  3,796  16 
Jan 1062 151 265F 446 42 488 6.7613  3,782  16 
Soybean,
US PNW
Oct 1062.25 202 265X 464 23 487 6.7318  3,764  19 
Nov 1062.25 197 265X 463 25 488 6.7470  3,774  19 
Dec 1062 192 260F 461 25 486 6.7613  3,767  16 
Jan 1062 190 255F 460 24 484 6.7613  3,754  16 
Soybean,
 Brazil
Oct 1062.25 222 305X 472 30.5 502 6.7318  3,877  20 
Nov 1062.25 222 306X 472 31 503 6.7470  3,889  19 
Dec 1062 222 305F 472 30.5 502 6.7613  3,892  16 
Jan 1062 136 216F 440 29.5 470 6.7613  3,645  16 
Feb 1045.5 111 190H 425 29 454 6.8024  3,546  11 
Mar 1045.5 96 175H 419 29 448 6.8024  3,504  11 
Apr 1039.25 78 160K 410 30 440 6.8024  3,444 
May 1039.25 83 165K 412 30 442 6.8024  3,458 
Jun 1041 86 168N 414 30 444 6.8024  3,471 
Jul 1041 93 175N 417 30 447 6.8024  3,491 
Soybean, Argentina Nov 1062.25 148 260X 445 41 486 6.7470  3,759  25 
May 1041 52 155N 402 38 440 6.8024  3,437 
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