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Cost of Importing Soybean in China--1/5/2021

2021-01-05 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 1316.5 98 200F 520 37.5 557 6.4705  4,128  -12 
Feb 1313 98 200H 518 37.5 556 6.4823  4,126  -10 
Soybean,
US PNW
Jan 1316.5 129 192F 531 23 554 6.4705  4,105  -12 
Feb 1313 127 190H 529 23 552 6.4823  4,098  -10 
Oct 1120.75 170 227X 474 21 495 6.5273  3,709 
Soybean,
 Brazil
Jan 1313 109 188H 522 29 551 6.4705  4,086  -10 
Feb 1313 93 172H 517 29 546 6.4823  4,050  -10 
Mar 1313 67 146H 507 29 536 6.4912  3,986  -12 
Apr 1311.25 62 142K 505 29.5 534 6.5273  3,993  -5 
May 1311.25 63 145K 505 30 535 6.5273  4,000  -4 
Jun 1303.75 76 160N 507 31 538 6.5273  4,022 
Jul 1303.75 88 170N 511 31 542 6.5273  4,054 
Soybean, Argentina May 1303.75 60 158N 501 36 537 6.5273  4,016 
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