Today is 12/23/2024

Cost of Importing Soybean in China--10/29/2020

2020-10-29 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 1057.25 161 275X 448 42 490 6.7345  3,782  -66 
Nov 1057.25 159 273X 447 42 489 6.7345  3,776  -66 
Dec 1054.75 156 270F 445 42 487 6.7493  3,769  -55 
Jan 1054.75 154 260F 444 39 483 6.7630  3,748  -56 
Feb 1041.75 150 255H 438 38.5 476 6.7630  3,697  -48 
Soybean,
US PNW
Oct 1057.25 202 265X 463 23 486 6.7345  3,752  -66 
Nov 1057.25 202 265X 463 23 486 6.7345  3,752  -66 
Dec 1054.75 190 253F 457 23 480 6.7493  3,720  -55 
Jan 1054.75 187 250F 456 23 479 6.7630  3,719  -56 
Feb 1041.75 182 245H 450 23 473 6.7630  3,668  -49 
Soybean,
 Brazil
Oct 1057.25 236 314X 475 28.5 504 6.7345  3,888  -66 
Nov 1057.25 239 315X 476 28 504 6.7345  3,892  -66 
Dec 1054.75 236 314F 474 28.5 503 6.7493  3,889  -55 
Jan 1054.75 156 232F 445 28 473 6.7630  3,670  -56 
Feb 1041.75 145 221H 436 28 464 6.7630  3,603  -49 
Mar 1041.75 107 186H 422 29 451 6.8056  3,526  -48 
Apr 1036.5 90 172K 414 30 444 6.8056  3,472  -43 
May 1036.5 94 176K 415 30 445 6.8056  3,483  -44 
Jun 1035.25 99 181N 417 30 447 6.8056  3,493  -41 
Jul 1035.25 107 189N 420 30 450 6.8056  3,516  -41 
Soybean, Argentina Nov 1057.25 150 262X 444 41 485 6.7345  3,744  -66 
May 1035.25 48 151N 398 38 436 6.8056  3,411  -41 
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