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Cost of Importing Soybean in China--1/12/2021

2021-01-12 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 1372.5 98 200H 540 37.5 578 6.4861  4,287  -19 
Feb 1372.5 97 199H 540 37.5 577 6.4962  4,291  -17 
Soybean,
US PNW
Jan 1372.5 127 195H 551 25 576 6.4861  4,274  -32 
Feb 1372.5 130 198H 552 25 577 6.4962  4,288  -17 
Oct 1155 168 225X 486 21 507 6.5388  3,802  -33 
Soybean,
 Brazil
Jan 1372.5 94 173H 539 29 568 6.4861  4,215  -23 
Feb 1372.5 79 158H 533 29 562 6.4962  4,181  -8 
Mar 1372.5 60 139H 526 29 555 6.5064  4,136  -17 
Apr 1370 60 140K 525 29.5 555 6.5388  4,153  -8 
May 1370 58 140K 525 30 555 6.5388  4,152  -7 
Jun 1358.25 64 150N 523 31.5 554 6.5388  4,147  -4 
Jul 1358.25 83 170N 530 32 562 6.5388  4,202  -4 
Soybean, Argentina May 1358.25 55 153N 519 36 555 6.5388  4,156  -9 
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