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Cost of Importing Soybean in China--10/20/2020

2020-10-20 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 1054.25 161 275X 446 42 488 6.6959  3,752 
Nov 1054.25 161 275X 446 42 488 6.7110  3,760 
Dec 1054 156 270F 445 42 487 6.7240  3,753 
Jan 1054 146 260F 441 42 483 6.7240  3,725  -12 
Soybean,
US PNW
Oct 1054.25 202 265X 462 23 485 6.6959  3,723 
Nov 1054.25 202 265X 462 23 485 6.7110  3,731 
Dec 1054 192 255F 458 23 481 6.7240  3,709  -12 
Jan 1054 187 250F 456 23 479 6.7240  3,696  -11 
Soybean,
 Brazil
Oct 1054.25 240 323X 476 30.5 506 6.6959  3,884  26 
Nov 1054.25 240 324X 476 31 507 6.7110  3,896  26 
Dec 1054 240 323F 475 30.5 506 6.7240  3,899  24 
Jan 1054 136 216F 437 29.5 467 6.7240  3,603 
Feb 1042.25 111 190H 424 29 453 6.7658  3,519 
Mar 1042.25 99 178H 419 29 448 6.7658  3,485  13 
Apr 1037.5 78 160K 410 30 440 6.7658  3,421 
May 1037.5 83 165K 412 30 442 6.7658  3,435 
Jun 1039.5 88 170N 414 30 444 6.7658  3,454 
Jul 1039.5 96 178N 417 30 447 6.7658  3,477  13 
Soybean, Argentina Nov 1054.25 156 268X 445 41 486 6.7110  3,739  26 
May 1039.5 52 155N 401 38 439 6.7658  3,415 
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