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Cost of Importing Crude Soybean Oil in China--10/19/2020

2020-10-20 www.cofeed.com
Product Delivery CBOT Var. Premium FOB Freight CFR China  Duty Paid Var.
/lb /lb 0.01/lb USD/tonne USD/tonne USD/tonne CNY/tonne CNY/tonne
SBO, US Gulf Nov/Dec 32.96 -0.14 +450Z 826 66 892 8770 -110
   
SBO, Argentina Oct/Nov/Dec 32.99 -0.18 +370Z 809 66 875 7010 -100
Jan/Feb 32.96 -0.14 +340H 802 69 871 6980 -130
Mar 32.96 -0.14 +210H 773 69 842 6750  
Duty paid price includes the port charge (port charge= CNY80).
Freight is subject to change and for reference only.
The quotation in actual transaction shall prevail.
The tariff for soybean oil from Argentina and Brazil is 9%, and the addtional tariff for US soybean oil is 25%.
F=Jan, G=Feb, H=Mar, J=Apr, K=May, M=Jun, N=Jul, Q=Aug, U=Sept, V=Oct, X=Nov, Z=Dec.