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Cost of Importing Soybean in China--11/25/2020

2020-11-25 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 1191.25 127 230F 484 38 522 6.5970  3,949 
Dec 1191.25 127 230F 484 38 522 6.5970  3,949  -5 
Jan 1191.25 126 228F 484 37.5 521 6.6120  3,951  -6 
Feb 1193.25 123 225H 484 37.5 521 6.6283  3,958 
Soybean,
US PNW
Nov 1191.25 155 220F 495 24 519 6.5970  3,921 
Dec 1191.25 155 220F 495 24 519 6.5970  3,921  -6 
Jan 1191.25 150 215F 493 24 517 6.6120  3,916  -7 
Feb 1193.25 150 215H 494 24 518 6.6283  3,931 
Soybean,
 Brazil
Nov 1191.25 213 292F 516 29 545 6.5970  4,116 
Dec 1191.25 214 293F 516 29 545 6.5970  4,119  -6 
Jan 1191.25 136 212F 488 28 516 6.6120  3,908  -6 
Feb 1193.25 120 196H 482 28 510 6.6283  3,879 
Mar 1193.25 81 157H 468 28 496 6.6688  3,795 
Apr 1192 69 145K 463 28 491 6.6688  3,758 
May 1192 72 150K 464 28.5 493 6.6688  3,770 
Jun 1187.75 82 162N 467 29.5 496 6.6688  3,794 
Jul 1187.75 86 168N 468 30 498 6.6688  3,808 
Soybean, Argentina May 1187.75 63 158N 460 35 495 6.6688  3,783 
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