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Cost of Importing Soybean in China--11/17/2020

2020-11-17 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 1153.5 137 243F 474 39 513 6.5844  3,873  24 
Dec 1153.5 137 243F 474 39 513 6.5978  3,881 
Jan 1153.5 134 237F 473 38 511 6.6137  3,874 
Feb 1154.5 127 230H 471 38 509 6.6137  3,858 
Soybean,
US PNW
Nov 1153.5 174 234F 488 22 510 6.5844  3,848  19 
Dec 1153.5 174 234F 488 22 510 6.5978  3,856 
Jan 1153.5 170 230F 486 22 508 6.6137  3,854 
Feb 1154.5 165 225H 485 22 507 6.6137  3,843 
Soybean,
 Brazil
Nov 1153.5 213 292F 502 29 531 6.5844  4,006  19 
Dec 1153.5 214 293F 502 29 531 6.5978  4,016 
Jan 1153.5 132 208F 472 28 500 6.6137  3,795 
Feb 1154.5 137 213H 474 28 502 6.6137  3,811 
Mar 1154.5 97 170H 460 27 487 6.6532  3,716 
Apr 1153 84 160K 454 28 482 6.6532  3,684  11 
May 1153 84 163K 454 29 483 6.6532  3,691  11 
Jun 1148.5 85 165N 453 29.5 483 6.6532  3,685 
Jul 1148.5 88 170N 454 30 484 6.6532  3,697 
Soybean, Argentina Nov 1153.5 148 260F 478 41 519 6.5844  3,918  24 
May 1148.5 61 162N 444 37 481 6.6532  3,676 
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