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

2020-12-04 www.cofeed.com
Product Delivery FOB
(USD/tonne)
Freight
(USD/tonne)
CFR China
(USD/tonne) 
Without Additional Tariff (CNY/tonne) With Additional Tariff (CNY/tonne) Var.
(CNY/tonne)
Corn, US Gulf Jan 223 39 262 1985 2451 12
Feb 217 39 256 1943 2399 14
Mar 209 39 248 1890 2332 14
Apr 203 39 242 1850 2283 14
May 202 39 241 1854 2288 15
Jun 201 39 240 1857 2292 14
Corn, PNW Mar 225 23 248 1885 2327 -18
Apr 222 23 245 1868 2305 -28
May 220 23 243 1857 2292 -36
Jun 220 23 243 1868 2306  
Jul 220 23 243 1879 2319  
Remarks: 1. Duty-paid prices include 100 yuan of port surcharges, which is just for reference.
2. Imported US corn is imposed with 25% of additional tariffs since July 6th, 2019;
and the tariffs were raised higher by 10% since December 16th, 2019, which is temporarily not imposed now.