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Cost of Importing Soybean in China--12/4/2020

2020-12-04 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 1168.25 119 228F 473 40 513 6.5572  3,856  44 
Jan 1168.25 114 220F 471 39 510 6.5712  3,843  30 
Feb 1170.25 104 210H 468 39 507 6.5848  3,829  11 
Soybean,
US PNW
Dec 1168.25 137 200F 480 23 503 6.5572  3,780 
Jan 1168.25 135 198F 479 23 502 6.5712  3,782 
Feb 1170.25 132 195H 478 23 501 6.5848  3,787  12 
Soybean,
 Brazil
Jan 1168.25 126 202F 476 28 504 6.5712  3,795  39 
Feb 1170.25 121 197H 474 28 502 6.5848  3,794  44 
Mar 1170.25 82 158H 460 28 488 6.6280  3,712  56 
Apr 1168.25 76 152K 457 28 485 6.6280  3,690  57 
May 1168.25 77 155K 458 28.5 486 6.6280  3,696  54 
Jun 1165 81 164N 458 30.5 488 6.6280  3,713  50 
Jul 1165 89 172N 461 30.5 491 6.6280  3,735  52 
Soybean, Argentina May 1165 65 160N 452 35 487 6.6280  3,703  54 
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