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Cost of Importing Soybean in China--11/30/2020

2020-11-30 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
Dec 1191.75 127 230F 485 38 523 6.5887  3,945  25 
Jan 1191.75 126 228F 484 37.5 522 6.6020  3,946  24 
Feb 1192.75 123 225H 483 37.5 521 6.6172  3,950  23 
Soybean,
US PNW
Dec 1191.75 155 220F 495 24 519 6.5887  3,918  26 
Jan 1191.75 150 215F 493 24 517 6.6020  3,912  25 
Feb 1192.75 150 215H 493 24 517 6.6172  3,923  22 
Soybean,
 Brazil
Dec 1191.75 214 293F 516 29 545 6.5887  4,115  26 
Jan 1191.75 136 212F 488 28 516 6.6020  3,903  24 
Feb 1192.75 120 196H 482 28 510 6.6172  3,871  22 
Mar 1192.75 79 155H 467 28 495 6.6607  3,783  23 
Apr 1191 69 145K 463 28 491 6.6607  3,751  23 
May 1191 72 150K 464 28.5 493 6.6607  3,763  23 
Jun 1186.75 80 160N 465 29.5 495 6.6607  3,781  24 
Jul 1186.75 86 168N 468 30 498 6.6607  3,801  23 
Soybean, Argentina May 1186.75 63 158N 459 35 494 6.6607  3,775  23 
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