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Cost of Importing Soybean in China--12/7/2020

2020-12-07 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 1163 119 228F 471 40 511 6.5407  3,832  -24 
Jan 1163 114 220F 469 39 508 6.5539  3,819  -24 
Feb 1165 104 210H 466 39 505 6.5688  3,806  -23 
Soybean,
US PNW
Dec 1163 137 200F 478 23 501 6.5407  3,756  -24 
Jan 1163 135 198F 477 23 500 6.5539  3,758  -24 
Feb 1165 132 195H 477 23 500 6.5688  3,764  -23 
Soybean,
 Brazil
Jan 1163 126 202F 474 28 502 6.5539  3,771  -24 
Feb 1165 119 195H 472 28 500 6.5688  3,765  -29 
Mar 1165 82 158H 458 28 486 6.6124  3,689  -23 
Apr 1163.75 75 151K 455 28 483 6.6124  3,667  -23 
May 1163.75 77 155K 456 28.5 484 6.6124  3,676  -20 
Jun 1160.75 81 164N 456 30.5 487 6.6124  3,693  -20 
Jul 1160.75 89 172N 459 30.5 490 6.6124  3,715  -20 
Soybean, Argentina May 1160.75 60 155N 449 35 484 6.6124  3,669  -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