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Cost of Importing Soybean in China--12/17/2020

2020-12-17 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 1183.75 111 220F 476 40 516 6.5457 3,870 -1
Jan 1183.75 109 215F 475 39 514 6.5577 3,864 -1
Feb 1188 109 215H 477 39 516 6.5686 3,882 -2
Soybean,
US PNW
Dec 1183.75 137 200F 485 23 508 6.5457 3,815 -1
Jan 1183.75 132 195F 483 23 506 6.5577 3,808 -2
Feb 1188 127 190H 483 23 506 6.5686 3,812 -3
Soybean,
 Brazil
Jan 1183.75 124 200F 480 28 508 6.5577 3,824 -1
Feb 1188 111 187H 477 28 505 6.5686 3,806 -2
Mar 1188 79 155H 465 28 493 6.6053 3,740 -2
Apr 1189.75 74 150K 464 28 492 6.6053 3,731 -1
May 1189.75 73 151K 464 28.5 492 6.6053 3,732 -1
Jun 1187.5 81 164N 466 30.5 497 6.6053 3,762 -2
Jul 1187.5 87 170N 468 30.5 499 6.6053 3,779 -1
Soybean, Argentina May 1187.5 60 155N 458 35 493 6.6053 3,738 -2
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