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Cost of Importing Soybean in China--12/31/2020

2020-12-31 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 1303.75 97 200F 515 38 553 6.5185  4,124  13 
Jan 1303.75 98 200F 515 37.5 553 6.5185  4,123  13 
Feb 1300.5 98 200H 514 37.5 551 6.5306  4,122 
Soybean,
US PNW
Dec 1303.75 129 192F 526 23 549 6.5185  4,101  13 
Jan 1303.75 129 192F 526 23 549 6.5185  4,101  13 
Feb 1300.5 127 190H 524 23 547 6.5306  4,094 
Oct 1103.75 170 227X 468 21 489 6.5805  3,693 
Soybean,
 Brazil
Jan 1300.5 109 188H 518 29 547 6.5185  4,082 
Feb 1300.5 93 172H 512 29 541 6.5306  4,046 
Mar 1300.5 69 148H 503 29 532 6.5465  3,991 
Apr 1297.75 62 142K 500 29.5 529 6.5805  3,989 
May 1297.75 63 145K 500 30 530 6.5805  3,995  -1 
Jun 1290.5 76 160N 502 31 533 6.5805  4,018  -3 
Jul 1290.5 88 170N 506 31 537 6.5805  4,051  -2 
Soybean, Argentina May 1290.5 60 158N 496 36 532 6.5805  4,012  -2 
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