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Cost of Importing Soybean in China--12/2/2020

2020-12-02 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 1162 122 225F 472 38 510 6.5664  3,838  -49 
Jan 1162 121 223F 471 37.5 509 6.5808  3,840  -49 
Feb 1163 118 220H 471 37.5 508 6.5950  3,842  -50 
Soybean,
US PNW
Dec 1162 145 210F 480 24 504 6.5664  3,797  -63 
Jan 1162 143 208F 479 24 503 6.5808  3,800  -54 
Feb 1163 139 204H 478 24 502 6.5950  3,800  -65 
Soybean,
 Brazil
Dec 1162 211 290F 504 29 533 6.5664  4,013  -36 
Jan 1162 126 202F 473 28 501 6.5808  3,783  -63 
Feb 1163 119 195H 471 28 499 6.5950  3,775  -35 
Mar 1163 76 152H 455 28 483 6.6376  3,681  -35 
Apr 1161 70 146K 452 28 480 6.6376  3,659  -36 
May 1161 72 150K 453 28.5 482 6.6376  3,668  -36 
Jun 1158.5 80 160N 455 29.5 485 6.6376  3,691  -34 
Jul 1158.5 86 168N 457 30 487 6.6376  3,711  -34 
Soybean, Argentina May 1158.5 60 155N 448 35 483 6.6376  3,677  -34 
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