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Cost of Importing Soybean in China--12/8/2020

2020-12-08 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 1158.5 111 220F 466 40 506 6.5412  3,799  -33 
Jan 1158.5 109 215F 466 39 505 6.5557  3,794  -25 
Feb 1162.5 109 215H 467 39 506 6.5686  3,813 
Soybean,
US PNW
Dec 1158.5 137 200F 476 23 499 6.5412  3,744  -12 
Jan 1158.5 132 195F 474 23 497 6.5557  3,739  -19 
Feb 1162.5 127 190H 474 23 497 6.5686  3,743  -21 
Soybean,
 Brazil
Jan 1158.5 124 200F 471 28 499 6.5557  3,754  -17 
Feb 1162.5 121 197H 472 28 500 6.5686  3,764  -1 
Mar 1162.5 84 160H 458 28 486 6.6121  3,688  -1 
Apr 1163.25 75 151K 455 28 483 6.6121  3,665  -2 
May 1163.25 75 153K 455 28.5 483 6.6121  3,669  -7 
Jun 1161.5 81 164N 456 30.5 487 6.6121  3,695 
Jul 1161.5 87 170N 459 30.5 489 6.6121  3,712  -3 
Soybean, Argentina May 1161.5 60 155N 449 35 484 6.6121  3,671 
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