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Cost of Importing Soybean in China--12/22/2020

2020-12-22 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 1243.25 112 215F 498 38 536 6.5530  4,023  62 
Jan 1243.25 110 212F 497 37.5 535 6.5530  4,014  54 
Feb 1247.5 103 205H 496 37.5 534 6.5658  4,014  52 
Soybean,
US PNW
Dec 1243.25 129 192F 504 23 527 6.5530  3,958  62 
Jan 1243.25 129 192F 504 23 527 6.5530  3,958  62 
Feb 1247.5 127 190H 505 23 528 6.5658  3,972  63 
Oct 1091.25 163 220X 461 21 482 6.6128  3,657  26 
Soybean,
 Brazil
Jan 1247.5 126 205H 505 29 534 6.5530  4,006  57 
Feb 1247.5 101 180H 495 29 524 6.5658  3,946  50 
Mar 1247.5 73 155H 485 30 515 6.5751  3,883  63 
Apr 1246.75 68 150K 483 30 513 6.6128  3,889  62 
May 1246.75 73 156K 485 30.5 515 6.6128  3,906  62 
Jun 1240.25 81 165N 485 31 516 6.6128  3,914  56 
Jul 1240.25 88 172N 488 31 519 6.6128  3,933  56 
Soybean, Argentina May 1240.25 70 168N 481 36 517 6.6128  3,921  64 
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