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Cost of Importing Soybean in China--10/21/2020

2020-10-21 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 1064 161 275X 450 42 492 6.6730  3,766  14 
Nov 1064 161 275X 450 42 492 6.6883  3,775  15 
Dec 1063.75 156 270F 448 42 490 6.7014  3,768  15 
Jan 1063.75 146 260F 444 42 486 6.7014  3,740  15 
Soybean,
US PNW
Oct 1064 202 265X 465 23 488 6.6730  3,737  14 
Nov 1064 202 265X 465 23 488 6.6883  3,745  14 
Dec 1063.75 192 255F 461 23 484 6.7014  3,724  15 
Jan 1063.75 187 250F 460 23 483 6.7014  3,710  14 
Soybean,
 Brazil
Oct 1064 240 323X 479 30.5 510 6.6730  3,898  14 
Nov 1064 240 324X 479 31 510 6.6883  3,910  14 
Dec 1063.75 240 323F 479 30.5 509 6.7014  3,913  14 
Jan 1063.75 136 216F 441 29.5 470 6.7014  3,618  15 
Feb 1053 111 190H 428 29 457 6.7430  3,537  18 
Mar 1053 99 178H 423 29 452 6.7430  3,504  19 
Apr 1048.75 78 160K 414 30 444 6.7430  3,441  20 
May 1048.75 83 165K 416 30 446 6.7430  3,455  20 
Jun 1049.75 88 170N 418 30 448 6.7430  3,472  18 
Jul 1049.75 96 178N 421 30 451 6.7430  3,494  17 
Soybean, Argentina Nov 1064 156 268X 448 41 489 6.6883  3,754  15 
May 1049.75 52 155N 405 38 443 6.7430  3,432  17 
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