Today is 12/23/2024

Cost of Importing Corn in China--11/24/2020

2020-11-24 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 230 37.5 268 2038 2517 24
Feb 224 37.5 262 1998 2468 22
Mar 218 37.5 256 1959 2419 23
Apr 209 37.5 247 1897 2342 22
May 209 37.5 247 1909 2356 22
Jun 206 37.5 244 1899 2345 25
Corn, PNW Mar 235 24 259 1984 2450 22
Apr 229 24 253 1944 2401 22
May 225 24 249 1927 2379 22
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.