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Cost of Importing Soybean in China--11/20/2020

2020-11-20 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 1177.5 127 230F 479 38 517 6.5904  3,907  -18 
Dec 1177.5 127 230F 479 38 517 6.6060  3,916  -17 
Jan 1177.5 123 225F 478 37.5 515 6.6214  3,911  -15 
Feb 1175.5 118 220H 475 37.5 513 6.6214  3,892  -13 
Soybean,
US PNW
Nov 1177.5 155 220F 490 24 514 6.5904  3,880  -17 
Dec 1177.5 155 220F 490 24 514 6.6060  3,889  -16 
Jan 1177.5 150 215F 488 24 512 6.6214  3,884  -27 
Feb 1175.5 145 210H 485 24 509 6.6214  3,865  -30 
Soybean,
 Brazil
Nov 1177.5 213 292F 511 29 540 6.5904  4,075  13 
Dec 1177.5 214 293F 511 29 540 6.6060  4,087  13 
Jan 1177.5 136 212F 483 28 511 6.6214  3,876  24 
Feb 1175.5 120 196H 476 28 504 6.6214  3,826  -29 
Mar 1175.5 81 157H 462 28 490 6.6626  3,743  -12 
Apr 1173 69 145K 456 28 484 6.6626  3,703  -16 
May 1173 72 150K 457 28.5 486 6.6626  3,715  -12 
Jun 1167.75 82 162N 459 29.5 489 6.6626  3,735  15 
Jul 1167.75 86 168N 461 30 491 6.6626  3,750  21 
Soybean, Argentina May 1167.75 65 160N 453 35 488 6.6626  3,730  11 
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