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Cost of Importing Soybean in China--12/11/2020

2020-12-11 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 1152.75 111 220F 464 40 504 6.5468  3,787  -14 
Jan 1152.75 109 215F 464 39 503 6.5604  3,782  -14 
Feb 1158.75 109 215H 466 39 505 6.5704  3,803  -12 
Soybean,
US PNW
Dec 1152.75 137 200F 474 23 497 6.5468  3,732  -14 
Jan 1152.75 132 195F 472 23 495 6.5604  3,726  -14 
Feb 1158.75 127 190H 472 23 495 6.5704  3,734  -12 
Soybean,
 Brazil
Jan 1152.75 124 200F 469 28 497 6.5604  3,741  -14 
Feb 1158.75 115 191H 468 28 496 6.5704  3,739  -22 
Mar 1158.75 79 155H 455 28 483 6.6084  3,662  -26 
Apr 1159.75 74 150K 453 28 481 6.6084  3,651  -15 
May 1159.75 75 153K 454 28.5 482 6.6084  3,657  -13 
Jun 1158.5 81 164N 455 30.5 486 6.6084  3,685  -12 
Jul 1158.5 87 170N 458 30.5 488 6.6084  3,701  -12 
Soybean, Argentina May 1158.5 60 155N 448 35 483 6.6084  3,661  -12 
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