Today is 04/21/2025

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

2020-11-20 www.cofeed.com
Product Delivery FOB
(USD/tonne)
Freight
(USD/tonne)
CFR China
(USD/tonne) 
Without Additional Tariff (CNY/tonne) With Additional Tariff (CNY/tonne) Var.
(CNY/tonne)
Corn, US Gulf Jan 227 37.5 265 2013 2486 10
Feb 221 37.5 259 1975 2439 13
Mar 215 37.5 253 1936 2390  
Apr 206 37.5 244 1874 2313  
May 206 37.5 244 1886 2327  
Jun 204 37.5 242 1881 2322  
Corn, PNW Mar 232 24 256 1961 2422 19
Apr 226 24 250 1922 2373 19
May 222 24 246 1904 2350 18
Remarks: 1. Duty-paid prices include 100 yuan of port surcharges, which is just for reference.
2. Imported US corn is imposed with 25% of additional tariffs since July 6th, 2019;
and the tariffs were raised higher by 10% since December 16th, 2019, which is temporarily not imposed now.