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Cost of Importing Soybean in China--12/3/2020

2020-12-03 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 1153 122 225F 468 38 506 6.5631  3,812  -26 
Jan 1153 121 223F 468 37.5 506 6.5766  3,813  -27 
Feb 1154.75 118 220H 468 37.5 505 6.5915  3,818  -24 
Soybean,
US PNW
Dec 1153 145 210F 477 24 501 6.5631  3,771  -26 
Jan 1153 143 208F 476 24 500 6.5766  3,773  -27 
Feb 1154.75 139 204H 475 24 499 6.5915  3,775  -25 
Soybean,
 Brazil
Dec 1153 211 290F 501 29 530 6.5631  3,986  -27 
Jan 1153 126 202F 470 28 498 6.5766  3,756  -27 
Feb 1154.75 119 195H 468 28 496 6.5915  3,750  -25 
Mar 1154.75 76 152H 452 28 480 6.6342  3,656  -25 
Apr 1152 70 146K 449 28 477 6.6342  3,633  -26 
May 1152 72 150K 450 28.5 478 6.6342  3,642  -26 
Jun 1149 80 160N 452 29.5 481 6.6342  3,663  -28 
Jul 1149 86 168N 454 30 484 6.6342  3,683  -28 
Soybean, Argentina May 1149 60 155N 444 35 479 6.6342  3,649  -28 
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