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

2020-12-31 www.cofeed.com
Product Delivery CBOT Var. Premium FOB Freight CFR China  Duty Paid Var.
/lb /lb 0.01/lb USD/tonne USD/tonne USD/tonne CNY/tonne CNY/tonne
SBO, US Gulf Feb/Mar 41.86 +0.11 +580H 1051 66 1117 10710 30
   
SBO, Argentina Feb 41.86 +0.11 +450H 1022 66 1088 8500 -70
Mar 41.86 +0.11 +330H 996 66 1062 8300 40
Apr 41.02 +0.04 +200K 949 66 1015 7940  
   
SBO, Brazil Feb 41.86 +0.11 +700H 1077 66 1143 8920 100
Mar 41.86 +0.11 +380H 1007 66 1073 8390 50
Apr/May 41.02 +0.04 +220K 953 66 1019 7970 10
Duty paid price includes the port charge (port charge= CNY80).
Freight is subject to change and for reference only.
The quotation in actual transaction shall prevail.
The tariff for soybean oil from Argentina and Brazil is 9%, and the addtional tariff for US soybean oil is 25%.
F=Jan, G=Feb, H=Mar, J=Apr, K=May, M=Jun, N=Jul, Q=Aug, U=Sept, V=Oct, X=Nov, Z=Dec.