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Cost of Importing Soybean in China--1/4/2021

2021-01-04 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
Jan 1315.25 98 200F 519 37.5 557 6.4950  4,140  17 
Feb 1311 98 200H 518 37.5 555 6.5072  4,136  14 
Soybean,
US PNW
Jan 1315.25 129 192F 531 23 554 6.4950  4,117  16 
Feb 1311 127 190H 528 23 551 6.5072  4,108  14 
Oct 1111.75 170 227X 471 21 492 6.5547  3,700 
Soybean,
 Brazil
Jan 1311 109 188H 522 29 551 6.4950  4,096  14 
Feb 1311 93 172H 516 29 545 6.5072  4,060  14 
Mar 1311 67 146H 506 29 535 6.5190  3,998 
Apr 1306.75 62 142K 503 29.5 532 6.5547  3,998 
May 1306.75 63 145K 503 30 533 6.5547  4,004 
Jun 1297.5 76 160N 505 31 536 6.5547  4,022 
Jul 1297.5 88 170N 509 31 540 6.5547  4,054 
Soybean, Argentina May 1297.5 60 158N 499 36 535 6.5547  4,015 
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