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Cost of Importing Soybean in China--11/18/2020

2020-11-18 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 1169.75 135 241F 479 39 518 6.5795  3,909  36 
Dec 1169.75 135 241F 479 39 518 6.5936  3,917  36 
Jan 1169.75 132 235F 478 38 516 6.6095  3,911  37 
Feb 1168.5 125 228H 475 38 513 6.6095  3,888  30 
Soybean,
US PNW
Nov 1169.75 171 231F 493 22 515 6.5795  3,881  33 
Dec 1169.75 171 231F 493 22 515 6.5936  3,889  33 
Jan 1169.75 170 230F 492 22 514 6.6095  3,896  42 
Feb 1168.5 165 225H 490 22 512 6.6095  3,879  36 
Soybean,
 Brazil
Nov 1169.75 213 292F 508 29 537 6.5795  4,047  41 
Dec 1169.75 214 293F 508 29 537 6.5936  4,058  42 
Jan 1169.75 132 208F 478 28 506 6.6095  3,837  42 
Feb 1168.5 134 210H 479 28 507 6.6095  3,839  28 
Mar 1168.5 92 165H 463 27 490 6.6488  3,738  22 
Apr 1164.75 79 155K 457 28 485 6.6488  3,700  16 
May 1164.75 79 158K 457 29 486 6.6488  3,707  16 
Jun 1159.5 80 160N 455 29.5 485 6.6488  3,700  15 
Jul 1159.5 82 164N 456 30 486 6.6488  3,709  12 
Soybean, Argentina Nov 1169.75 148 260F 484 41 525 6.5795  3,959  41 
May 1159.5 59 160N 448 37 485 6.6488  3,698  22 
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