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Cost of Importing Soybean in China--11/26/2020

2020-11-26 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 1184 127 230F 482 38 520 6.5815  3,920  -29 
Dec 1184 127 230F 482 38 520 6.5815  3,920  -29 
Jan 1184 126 228F 481 37.5 519 6.5962  3,922  -29 
Feb 1185.75 123 225H 481 37.5 518 6.6113  3,927  -31 
Soybean,
US PNW
Nov 1184 155 220F 492 24 516 6.5815  3,892  -29 
Dec 1184 155 220F 492 24 516 6.5815  3,892  -29 
Jan 1184 150 215F 490 24 514 6.5962  3,887  -29 
Feb 1185.75 150 215H 491 24 515 6.6113  3,901  -30 
Soybean,
 Brazil
Nov 1184 213 292F 513 29 542 6.5815  4,087  -29 
Dec 1184 214 293F 514 29 543 6.5815  4,089  -30 
Jan 1184 136 212F 485 28 513 6.5962  3,879  -29 
Feb 1185.75 120 196H 480 28 508 6.6113  3,849  -30 
Mar 1185.75 79 155H 465 28 493 6.6530  3,760  -35 
Apr 1184 69 145K 460 28 488 6.6530  3,728  -30 
May 1184 72 150K 461 28.5 490 6.6530  3,740  -30 
Jun 1179.75 80 160N 463 29.5 492 6.6530  3,757  -37 
Jul 1179.75 86 168N 465 30 495 6.6530  3,778  -30 
Soybean, Argentina May 1179.75 63 158N 457 35 492 6.6530  3,752  -31 
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