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Cost of Importing Soybean in China--12/29/2020

2020-12-29 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 1255.25 97 200F 497 38 535 6.5499  4,013  -49 
Jan 1255.25 98 200F 497 37.5 535 6.5499  4,012  -38 
Feb 1257.25 98 200H 498 37.5 535 6.5618  4,024  -20 
Soybean,
US PNW
Dec 1255.25 129 192F 509 23 532 6.5499  3,989  -17 
Jan 1255.25 129 192F 509 23 532 6.5499  3,989  -17 
Feb 1257.25 127 190H 509 23 532 6.5618  3,996  -14 
Oct 1084.75 170 227X 461 21 482 6.5727  3,637 
Soybean,
 Brazil
Jan 1257.25 109 188H 502 29 531 6.5499  3,984  -66 
Feb 1257.25 93 172H 496 29 525 6.5618  3,948 
Mar 1257.25 69 148H 487 29 516 6.5727  3,890 
Apr 1255.25 62 142K 484 29.5 513 6.5727  3,869  -38 
May 1255.25 63 145K 484 30 514 6.5727  3,875  -50 
Jun 1249.25 76 160N 487 31 518 6.5727  3,902  -48 
Jul 1249.25 88 170N 491 31 522 6.5727  3,934  -32 
Soybean, Argentina May 1249.25 60 158N 481 36 517 6.5727  3,895  -37 
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