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Cost of Importing Soybean in China--1/14/2021

2021-01-14 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 1406.25 75 195H 544 44 588 6.4803  4,359  -14 
Feb 1406.25 75 195H 544 44 588 6.4910  4,367  -12 
Soybean,
US PNW
Jan 1406.25 120 188H 561 25 586 6.4803  4,342  -20 
Feb 1406.25 120 188H 561 25 586 6.4910  4,349  -19 
Oct 1176 168 225X 494 21 515 6.5342  3,856 
Soybean,
 Brazil
Jan 1406.25 100 195H 553 35 588 6.4803  4,361  39 
Feb 1406.25 68 162H 542 34.5 576 6.4910  4,279  -9 
Mar 1406.25 50 143H 535 34 569 6.5016  4,234 
Apr 1403.75 45 140K 532 35 567 6.5342  4,241  -2 
May 1403.75 55 148K 536 34 570 6.5342  4,261 
Jun 1388.5 67 160N 535 34 569 6.5342  4,252 
Jul 1388.5 75 170N 538 35 573 6.5342  4,281  -17 
Soybean, Argentina May 1388.5 55 158N 530 38 568 6.5342  4,249  -3 
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