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Cost of Importing Soybean in China--1/11/2021

2021-01-11 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 1374.75 98 200H 541 37.5 579 6.5056  4,306  66 
Feb 1374.75 97 199H 541 37.5 578 6.5130  4,308  65 
Soybean,
US PNW
Jan 1374.75 132 200H 554 25 579 6.5056  4,306  66 
Feb 1374.75 130 198H 553 25 578 6.5130  4,305  65 
Oct 1161.75 170 227X 489 21 510 6.5544  3,835  35 
Soybean,
 Brazil
Jan 1374.75 96 175H 540 29 569 6.5056  4,238  65 
Feb 1374.75 76 155H 533 29 562 6.5130  4,189  64 
Mar 1374.75 60 139H 527 29 556 6.5234  4,153  65 
Apr 1371.25 58 138K 525 29.5 555 6.5544  4,161  59 
May 1371.25 56 138K 524 30 554 6.5544  4,159  59 
Jun 1358 62 148N 522 31.5 553 6.5544  4,151  51 
Jul 1358 81 168N 529 32 561 6.5544  4,206  56 
Soybean, Argentina May 1358 55 153N 519 36 555 6.5544  4,165  56 
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