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Cost of Importing Soybean in China--12/23/2020

2020-12-23 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 1247.25 112 215F 499 38 537 6.5616  4,039  16 
Jan 1247.25 110 212F 499 37.5 536 6.5616  4,030  16 
Feb 1250 103 205H 497 37.5 535 6.5739  4,026  12 
Soybean,
US PNW
Dec 1247.25 129 192F 506 23 529 6.5616  3,974  16 
Jan 1247.25 129 192F 506 23 529 6.5616  3,974  16 
Feb 1250 127 190H 506 23 529 6.5739  3,984  12 
Oct 1087.75 163 220X 460 21 481 6.6220  3,652  -5 
Soybean,
 Brazil
Jan 1250 126 205H 506 29 535 6.5616  4,018  12 
Feb 1250 93 172H 493 29 522 6.5739  3,936  -10 
Mar 1250 68 150H 484 30 514 6.5847  3,882  -1 
Apr 1249.5 63 145K 482 30 512 6.6220  3,888  -1 
May 1249.5 68 151K 484 30.5 515 6.6220  3,905  -1 
Jun 1244.25 80 164N 487 31 518 6.6220  3,928  14 
Jul 1244.25 88 172N 489 31 520 6.6220  3,949  16 
Soybean, Argentina May 1244.25 62 160N 480 36 516 6.6220  3,916  -5 
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