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Cost of Importing Soybean in China--1/8/2021

2021-01-08 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 1355.25 98 200H 534 37.5 571 6.4848  4,240  -14 
Feb 1355.25 97 199H 534 37.5 571 6.4934  4,243  -3 
Soybean,
US PNW
Jan 1355.25 132 200H 546 25 571 6.4848  4,240  -14 
Feb 1355.25 130 198H 546 25 571 6.4934  4,240  -4 
Oct 1153 170 227X 486 21 507 6.5351  3,800  11 
Soybean,
 Brazil
Jan 1355.25 96 175H 533 29 562 6.4848  4,173  -31 
Feb 1355.25 76 155H 526 29 555 6.4934  4,125  -22 
Mar 1355.25 60 139H 520 29 549 6.5030  4,088  -6 
Apr 1353.75 58 138K 519 29.5 548 6.5351  4,102  -4 
May 1353.75 56 138K 518 30 548 6.5351  4,100  -21 
Jun 1341.75 64 150N 516 31.5 548 6.5351  4,100  -28 
Jul 1341.75 81 168N 523 32 555 6.5351  4,150  -12 
Soybean, Argentina May 1341.75 55 153N 513 36 549 6.5351  4,109  -1 
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