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Cost of Importing Soybean in China--12/25/2020

2020-12-25 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 1263.5 109 212F 504 38 542 6.5410  4,062 
Jan 1263.5 106 208F 503 37.5 541 6.5410  4,050 
Feb 1264.5 100 202H 501 37.5 539 6.5521  4,044 
Soybean,
US PNW
Dec 1263.5 129 192F 512 23 535 6.5410  4,006  12 
Jan 1263.5 129 192F 512 23 535 6.5410  4,006  12 
Feb 1264.5 127 190H 511 23 534 6.5521  4,010  11 
Oct 1083.25 163 220X 458 21 479 6.5993  3,628  -6 
Soybean,
 Brazil
Jan 1264.5 128 207H 512 29 541 6.5410  4,050  16 
Feb 1264.5 85 164H 496 29 525 6.5521  3,940  -12 
Mar 1264.5 63 143H 488 29 517 6.5636  3,888  -10 
Apr 1262.75 63 143K 487 29.5 517 6.5993  3,907 
May 1262.75 68 150K 489 30 519 6.5993  3,925 
Jun 1257.25 80 164N 491 31 522 6.5993  3,950  11 
Jul 1257.25 86 170N 494 31 525 6.5993  3,966 
Soybean, Argentina May 1257.25 60 158N 484 36 520 6.5993  3,932 
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