Today is 12/23/2024

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

2020-11-23 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 228 37.5 266 2018 2493 7
Feb 222 37.5 260 1981 2446 7
Mar 216 37.5 254 1941 2396 6
Apr 207 37.5 245 1880 2320 7
May 207 37.5 245 1891 2334 7
Jun 204 37.5 242 1880 2320 -2
Corn, PNW Mar 233 24 257 1966 2428 6
Apr 227 24 251 1927 2379 6
May 223 24 247 1909 2357 7
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.