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Cost of Importing Soybean in China--10/28/2020

2020-10-28 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 1082.25 161 275X 457 42 499 6.7283  3,848  -11 
Nov 1082.25 159 273X 456 42 498 6.7283  3,842  -17 
Dec 1076.5 156 270F 453 42 495 6.7394  3,824  -13 
Jan 1076.5 154 260F 452 39 491 6.7548  3,804  -14 
Feb 1060.75 150 255H 445 38.5 483 6.7548  3,745  -17 
Soybean,
US PNW
Oct 1082.25 202 265X 472 23 495 6.7283  3,818  -11 
Nov 1082.25 202 265X 472 23 495 6.7283  3,818  -11 
Dec 1076.5 190 253F 465 23 488 6.7394  3,775  -18 
Jan 1076.5 187 250F 464 23 487 6.7548  3,775  -13 
Feb 1060.75 182 245H 457 23 480 6.7548  3,717  -17 
Soybean,
 Brazil
Oct 1082.25 236 314X 484 28.5 513 6.7283  3,954  -11 
Nov 1082.25 239 315X 485 28 513 6.7283  3,958  -11 
Dec 1076.5 236 314F 482 28.5 511 6.7394  3,944  -13 
Jan 1076.5 156 232F 453 28 481 6.7548  3,726  -14 
Feb 1060.75 145 221H 443 28 471 6.7548  3,652  -42 
Mar 1060.75 107 186H 429 29 458 6.7952  3,574  -5 
Apr 1054 90 172K 420 30 450 6.7952  3,515  -3 
May 1054 94 176K 422 30 452 6.7952  3,527 
Jun 1051.75 99 181N 423 30 453 6.7952  3,534 
Jul 1051.75 107 189N 426 30 456 6.7952  3,557  10 
Soybean, Argentina Nov 1082.25 150 262X 453 41 494 6.7283  3,810  -27 
May 1051.75 48 151N 404 38 442 6.7952  3,452  -24 
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