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Cost of Importing Soybean in China--11/23/2020

2020-11-23 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 1181 127 230F 481 38 519 6.5675  3,904  -3 
Dec 1181 127 230F 481 38 519 6.5813  3,912  -4 
Jan 1181 126 228F 480 37.5 518 6.5974  3,914 
Feb 1181.25 123 225H 479 37.5 517 6.5974  3,907  15 
Soybean,
US PNW
Nov 1181 155 220F 491 24 515 6.5675  3,876  -4 
Dec 1181 155 220F 491 24 515 6.5813  3,884  -5 
Jan 1181 150 215F 489 24 513 6.5974  3,880  -4 
Feb 1181.25 150 215H 489 24 513 6.5974  3,880  15 
Soybean,
 Brazil
Nov 1181 213 292F 512 29 541 6.5675  4,070  -5 
Dec 1181 214 293F 513 29 542 6.5813  4,081  -6 
Jan 1181 136 212F 484 28 512 6.5974  3,871  -5 
Feb 1181.25 120 196H 478 28 506 6.5974  3,828 
Mar 1181.25 81 157H 464 28 492 6.6391  3,745 
Apr 1179.5 69 145K 459 28 487 6.6391  3,708 
May 1179.5 72 150K 460 28.5 488 6.6391  3,720 
Jun 1173.75 82 162N 461 29.5 491 6.6391  3,739 
Jul 1173.75 86 168N 463 30 493 6.6391  3,753 
Soybean, Argentina May 1173.75 65 160N 455 35 490 6.6391  3,733 
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