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Cost of Importing Soybean in China--11/12/2020

2020-11-12 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 1143.25 148 254X 474 39 513 6.6296  3,901  19 
Dec 1152.5 141 247F 475 39 514 6.6434  3,915  26 
Jan 1152.5 138 241F 474 38 512 6.6605  3,910  28 
Feb 1151.5 137 240H 473 38 511 6.6605  3,904  33 
Soybean,
US PNW
Nov 1143.25 187 250X 489 23 512 6.6296  3,889  17 
Dec 1152.5 185 248F 491 23 514 6.6434  3,917  18 
Jan 1152.5 177 240F 488 23 511 6.6605  3,905  25 
Feb 1151.5 171 234H 486 23 509 6.6605  3,885  32 
Soybean,
 Brazil
Nov 1143.25 215 294X 499 29 528 6.6296  4,010  -2 
Dec 1152.5 214 293F 502 29 531 6.6434  4,041 
Jan 1152.5 128 204F 470 28 498 6.6605  3,807 
Feb 1151.5 118 194H 466 28 494 6.6605  3,777 
Mar 1151.5 100 173H 460 27 487 6.6988  3,741  26 
Apr 1148.25 86 162K 453 28 481 6.6988  3,701  29 
May 1148.25 86 165K 453 29 482 6.6988  3,708  18 
Jun 1144.25 88 168N 453 29.5 482 6.6988  3,707  28 
Jul 1144.25 93 175N 455 30 485 6.6988  3,724  22 
Soybean, Argentina Nov 1143.25 150 262X 475 41 516 6.6296  3,922  26 
May 1144.25 61 162N 443 37 480 6.6988  3,689  33 
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