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Cost of Importing Soybean in China--11/16/2020

2020-11-16 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 1141.5 137 243X 470 39 509 6.5995  3,849  -42 
Dec 1148 137 243F 472 39 511 6.6151  3,876  -28 
Jan 1148 134 237F 471 38 509 6.6301  3,869  -27 
Feb 1148 127 230H 468 38 506 6.6301  3,850  -42 
Soybean,
US PNW
Nov 1141.5 173 236X 483 23 506 6.5995  3,829  -49 
Dec 1148 171 234F 485 23 508 6.6151  3,850  -55 
Jan 1148 167 230F 483 23 506 6.6301  3,847  -44 
Feb 1148 162 225H 481 23 504 6.6301  3,834  -39 
Soybean,
 Brazil
Nov 1141.5 215 294X 498 29 527 6.5995  3,987  -13 
Dec 1148 214 293F 500 29 529 6.6151  4,012  -18 
Jan 1148 132 208F 470 28 498 6.6301  3,789  -5 
Feb 1148 137 213H 472 28 500 6.6301  3,803  39 
Mar 1148 97 170H 457 27 484 6.6695  3,707  -22 
Apr 1145.75 84 160K 452 28 480 6.6695  3,673  -15 
May 1145.75 84 163K 452 29 481 6.6695  3,680  -15 
Jun 1142 85 165N 451 29.5 480 6.6695  3,676  -15 
Jul 1142 88 170N 452 30 482 6.6695  3,688  -20 
Soybean, Argentina Nov 1141.5 148 260X 474 41 515 6.5995  3,894  -17 
May 1142 61 162N 442 37 479 6.6695  3,667  -6 
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