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Cost of Importing Soybean in China--12/15/2020

2020-12-15 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 1169.5 111 220F 470 40 510 6.5549  3,837  31 
Jan 1169.5 109 215F 470 39 509 6.5669  3,831  30 
Feb 1174.5 109 215H 472 39 511 6.5780  3,851  30 
Soybean,
US PNW
Dec 1169.5 137 200F 480 23 503 6.5549  3,782  31 
Jan 1169.5 132 195F 478 23 501 6.5669  3,775  30 
Feb 1174.5 127 190H 478 23 501 6.5780  3,781  29 
Soybean,
 Brazil
Jan 1169.5 124 200F 475 28 503 6.5669  3,790  30 
Feb 1174.5 115 191H 474 28 502 6.5780  3,786  30 
Mar 1174.5 79 155H 461 28 489 6.6155  3,708  29 
Apr 1176.5 74 150K 459 28 487 6.6155  3,700  31 
May 1176.5 73 151K 459 28.5 488 6.6155  3,701  25 
Jun 1175.25 81 164N 462 30.5 492 6.6155  3,735  32 
Jul 1175.25 87 170N 464 30.5 494 6.6155  3,751  31 
Soybean, Argentina May 1175.25 60 155N 454 35 489 6.6155  3,711  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