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Cost of Importing Soybean in China--12/30/2020

2020-12-30 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 1295.5 97 200F 512 38 550 6.5335  4,111  98 
Jan 1295.5 98 200F 512 37.5 549 6.5335  4,110  98 
Feb 1296 98 200H 512 37.5 550 6.5464  4,120  96 
Soybean,
US PNW
Dec 1295.5 129 192F 523 23 546 6.5335  4,088  99 
Jan 1295.5 129 192F 523 23 546 6.5335  4,088  99 
Feb 1296 127 190H 523 23 546 6.5464  4,092  96 
Oct 1098.25 170 227X 466 21 487 6.5961  3,686  49 
Soybean,
 Brazil
Jan 1296 109 188H 516 29 545 6.5335  4,079  95 
Feb 1296 93 172H 510 29 539 6.5464  4,044  96 
Mar 1296 69 148H 502 29 531 6.5595  3,987  97 
Apr 1294.5 62 142K 498 29.5 528 6.5961  3,989  120 
May 1294.5 63 145K 499 30 529 6.5961  3,996  121 
Jun 1288 76 160N 501 31 532 6.5961  4,021  119 
Jul 1288 88 170N 506 31 537 6.5961  4,053  119 
Soybean, Argentina May 1288 60 158N 495 36 531 6.5961  4,014  119 
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