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Cost of Importing Soybean in China--11/13/2020

2020-11-13 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 1137 148 254X 472 39 511 6.6409  3,891  -10 
Dec 1145.5 141 247F 473 39 512 6.6570  3,904  -11 
Jan 1145.5 138 241F 472 38 510 6.6712  3,896  -14 
Feb 1144.75 137 240H 471 38 509 6.6712  3,892  -12 
Soybean,
US PNW
Nov 1137 187 250X 486 23 509 6.6409  3,878  -11 
Dec 1145.5 185 248F 489 23 512 6.6570  3,905  -12 
Jan 1145.5 177 240F 486 23 509 6.6712  3,891  -14 
Feb 1144.75 171 234H 483 23 506 6.6712  3,873  -12 
Soybean,
 Brazil
Nov 1137 215 294X 497 29 526 6.6409  4,000  -10 
Dec 1145.5 214 293F 499 29 528 6.6570  4,030  -11 
Jan 1145.5 128 204F 468 28 496 6.6712  3,794  -13 
Feb 1144.75 118 194H 464 28 492 6.6712  3,764  -13 
Mar 1144.75 100 173H 457 27 484 6.7115  3,729  -12 
Apr 1141 86 162K 451 28 479 6.7115  3,688  -13 
May 1141 86 165K 451 29 480 6.7115  3,695  -13 
Jun 1136 88 168N 450 29.5 479 6.7115  3,691  -16 
Jul 1136 93 175N 452 30 482 6.7115  3,708  -16 
Soybean, Argentina Nov 1137 150 262X 473 41 514 6.6409  3,911  -11 
May 1136 61 162N 440 37 477 6.7115  3,673  -16 
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