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Cost of Importing Soybean in China--12/9/2020

2020-12-09 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 1145.75 111 220F 462 40 502 6.5355  3,761  -38 
Jan 1145.75 109 215F 461 39 500 6.5501  3,757  -37 
Feb 1151.5 109 215H 463 39 502 6.5615  3,779  -34 
Soybean,
US PNW
Dec 1145.75 137 200F 471 23 494 6.5355  3,707  -37 
Jan 1145.75 132 195F 469 23 492 6.5501  3,701  -38 
Feb 1151.5 127 190H 470 23 493 6.5615  3,710  -33 
Soybean,
 Brazil
Jan 1145.75 124 200F 467 28 495 6.5501  3,716  -38 
Feb 1151.5 121 197H 468 28 496 6.5615  3,730  -34 
Mar 1151.5 84 160H 454 28 482 6.6026  3,652  -36 
Apr 1153 75 151K 451 28 479 6.6026  3,632  -33 
May 1153 75 153K 451 28.5 480 6.6026  3,636  -33 
Jun 1152 81 164N 453 30.5 484 6.6026  3,664  -31 
Jul 1152 87 170N 455 30.5 486 6.6026  3,680  -32 
Soybean, Argentina May 1152 60 155N 445 35 480 6.6026  3,640  -31 
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