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Cost of Importing Soybean in China--10/23/2020

2020-10-23 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 1073.75 161 275X 454 42 496 6.6919  3,804  19 
Nov 1073.75 161 275X 454 42 496 6.6919  3,804  11 
Dec 1072.25 156 270F 451 42 493 6.7078  3,795  10 
Jan 1072.25 159 265F 452 39 491 6.7205  3,787  29 
Feb 1058.75 151 256H 444 38.5 483 6.7205  3,724   
Soybean,
US PNW
Oct 1073.75 202 265X 469 23 492 6.6919  3,774  18 
Nov 1073.75 202 265X 469 23 492 6.6919  3,774  11 
Dec 1072.25 192 255F 464 23 487 6.7078  3,751 
Jan 1072.25 189 252F 463 23 486 6.7205  3,750  22 
Feb 1058.75 187 250H 458 23 481 6.7205  3,707   
Soybean,
 Brazil
Oct 1073.75 232 314X 480 30 510 6.6919  3,910  -6 
Nov 1073.75 236 315X 481 29 510 6.6919  3,913  -15 
Dec 1072.25 235 314F 480 29 509 6.7078  3,915  -16 
Feb 1058.75 159 235H 447 28 475 6.7205  3,667  -2 
Mar 1058.75 101 180H 426 29 455 6.7201  3,514  -2 
Apr 1055 85 167K 419 30 449 6.7201  3,466  -8 
May 1055 83 165K 418 30 448 6.7201  3,461  -8 
Jun 1055.75 93 175N 422 30 452 6.7201  3,491 
Jul 1055.75 93 175N 422 30 452 6.7201  3,491  -16 
Soybean, Argentina Nov 1073.75 156 268X 452 41 493 6.6919  3,782  11 
May 1055.75 52 155N 407 38 445 6.7201  3,437  -8 
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