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Cost of Importing Soybean in China--11/5/2020

2020-11-05 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 1079 158 264X 454 39 493 6.6604  3,770 
Dec 1086.25 150 256F 454 39 493 6.6742  3,776 
Jan 1086.25 142 245F 451 38 489 6.6870  3,753  -7 
Feb 1079.75 140 243H 448 38 486 6.6870  3,730 
Soybean,
US PNW
Nov 1079 192 255X 467 23 490 6.6604  3,744 
Dec 1086.25 190 253F 469 23 492 6.6742  3,766  38 
Jan 1086.25 185 248F 467 23 490 6.6870  3,759  31 
Feb 1079.75 179 242H 462 23 485 6.6870  3,725  29 
Soybean,
 Brazil
Nov 1079 225 304X 479 29 508 6.6604  3,879  -10 
Dec 1086.25 224 303F 481 29 510 6.6742  3,904  -1 
Jan 1086.25 152 228F 455 28 483 6.6870  3,706  24 
Feb 1079.75 135 211H 446 28 474 6.6870  3,641  27 
Mar 1079.75 100 172H 433 27 460 6.7301  3,559  28 
Apr 1075.5 85 161K 426 28 454 6.7301  3,513  17 
May 1075.5 90 169K 428 29 457 6.7301  3,535  28 
Jun 1073 90 170N 427 29.5 457 6.7301  3,531 
Jul 1073 97 179N 430 30 460 6.7301  3,555  25 
Soybean, Argentina Nov 1079 150 262X 452 41 493 6.6604  3,763  23 
May 1073 65 166N 418 37 455 6.7301  3,519  54 
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