Today is 12/23/2024

Cost of Importing Corn in China--1/13/2021

2021-01-13 www.cofeed.com
Product Delivery FOB
(USD/tonne)
Freight
(USD/tonne)
CFR China
(USD/tonne) 
Without Additional Tariff (CNY/tonne) With Additional Tariff (CNY/tonne) Var.
(CNY/tonne)
Corn, US Gulf Feb 247 37.5 285 2124 2625 84
Mar 243 37.5 281 2098 2593 84
Apr 241 37.5 279 2088 2580 85
May 241 37.5 279 2088 2580 85
Jun 238 37.5 276 2075 2564 85
Jul 237 37.5 275 2068 2555 85
Corn, PNW Feb 257 25 282 2106 2603 85
Mar 255 25 280 2095 2588 84
Apr 255 25 280 2098 2593 85
Jul 255 25 280 2098 2593 85
Remarks: 1. Duty-paid prices include 100 yuan of port surcharges, which is just for reference.
2. Imported US corn is imposed with 25% of additional tariffs since July 6th, 2019;
and the tariffs were raised higher by 10% since December 16th, 2019, which is temporarily not imposed now.