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Cost of Importing Soybean in China--12/14/2020

2020-12-14 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 1160.5 111 220F 467 40 507 6.5434  3,806  19 
Jan 1160.5 109 215F 466 39 505 6.5568  3,801  19 
Feb 1166 109 215H 468 39 507 6.5672  3,821  18 
Soybean,
US PNW
Dec 1160.5 137 200F 477 23 500 6.5434  3,751  19 
Jan 1160.5 132 195F 475 23 498 6.5568  3,745  19 
Feb 1166 127 190H 475 23 498 6.5672  3,752  18 
Soybean,
 Brazil
Jan 1160.5 124 200F 472 28 500 6.5568  3,760  19 
Feb 1166 115 191H 471 28 499 6.5672  3,756  17 
Mar 1166 79 155H 457 28 485 6.6049  3,679  17 
Apr 1167.25 74 150K 456 28 484 6.6049  3,669  18 
May 1167.25 75 153K 456 28.5 485 6.6049  3,676  19 
Jun 1166 81 164N 458 30.5 489 6.6049  3,703  18 
Jul 1166 87 170N 460 30.5 491 6.6049  3,720  19 
Soybean, Argentina May 1166 60 155N 450 35 485 6.6049  3,680  19 
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