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Cost of Importing Soybean in China--12/1/2020

2020-12-01 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 1168.5 127 230F 476 38 514 6.5976  3,887  -58 
Jan 1168.5 126 228F 476 37.5 513 6.6122  3,889  -57 
Feb 1169.5 123 225H 475 37.5 512 6.6267  3,892  -58 
Soybean,
US PNW
Dec 1168.5 155 220F 486 24 510 6.5976  3,860  -58 
Jan 1168.5 150 215F 484 24 508 6.6122  3,854  -58 
Feb 1169.5 150 215H 485 24 509 6.6267  3,865  -58 
Soybean,
 Brazil
Dec 1168.5 211 290F 507 29 536 6.5976  4,049  -66 
Jan 1168.5 136 212F 479 28 507 6.6122  3,846  -57 
Feb 1169.5 119 195H 473 28 501 6.6267  3,810  -61 
Mar 1169.5 76 152H 458 28 486 6.6691  3,716  -67 
Apr 1167.75 70 146K 455 28 483 6.6691  3,695  -56 
May 1167.75 72 150K 455 28.5 484 6.6691  3,704  -59 
Jun 1164.75 80 160N 457 29.5 487 6.6691  3,725  -56 
Jul 1164.75 86 168N 460 30 490 6.6691  3,745  -56 
Soybean, Argentina May 1164.75 60 155N 450 35 485 6.6691  3,711  -64 
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