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Cost of Importing Soybean in China--11/2/2020

2020-11-02 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
Nov 1056.5 159 273X 447 42 489 6.7017  3,756 
Dec 1056.25 154 268F 445 42 487 6.7151  3,749  10 
Jan 1056.25 154 260F 445 39 484 6.7292  3,734  11 
Feb 1048 150 255H 440 38.5 479 6.7292  3,696  16 
Soybean,
US PNW
Nov 1056.5 200 265X 462 23 485 6.7017  3,726 
Dec 1056.25 190 253F 458 23 481 6.7151  3,705  10 
Jan 1056.25 187 250F 457 23 480 6.7292  3,705  11 
Feb 1048 182 245H 452 23 475 6.7292  3,668  16 
Soybean,
 Brazil
Nov 1056.5 239 315X 476 28 504 6.7017  3,872 
Dec 1056.25 236 314F 475 28.5 503 6.7151  3,874  10 
Jan 1056.25 156 232F 445 28 473 6.7292  3,656  10 
Feb 1048 145 221H 438 28 466 6.7292  3,603  16 
Mar 1048 103 182H 423 29 452 6.7703  3,515  16 
Apr 1044.75 90 172K 417 30 447 6.7703  3,477  18 
May 1044.75 94 176K 418 30 448 6.7703  3,488  18 
Jun 1043.25 99 181N 420 30 450 6.7703  3,498  18 
Jul 1043.25 100 182N 420 30 450 6.7703  3,501  10 
Soybean, Argentina Nov 1056.5 150 262X 443 41 484 6.7017  3,724 
May 1043.25 48 151N 401 38 439 6.7703  3,416  18 
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