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Cost of Importing Soybean in China--1/15/2021

2021-01-15 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 1430.5 75 195H 553 44 597 6.4851  4,428  69 
Feb 1430.5 75 195H 553 44 597 6.4960  4,435  68 
Soybean,
US PNW
Jan 1430.5 120 188H 570 25 595 6.4851  4,410  68 
Feb 1430.5 120 188H 570 25 595 6.4960  4,417  68 
Oct 1196.5 168 225X 501 21 522 6.5395  3,915  59 
Soybean,
 Brazil
Jan 1430.5 100 195H 562 35 597 6.4851  4,429  68 
Feb 1430.5 68 162H 551 34.5 585 6.4960  4,347  68 
Mar 1430.5 50 143H 544 34 578 6.5072  4,302  68 
Apr 1427.75 45 140K 541 35 576 6.5395  4,310  69 
May 1427.75 55 148K 545 34 579 6.5395  4,329  68 
Jun 1413.25 67 160N 544 34 578 6.5395  4,322  70 
Jul 1413.25 75 170N 547 35 582 6.5395  4,351  70 
Soybean, Argentina May 1413.25 55 158N 539 38 577 6.5395  4,319  70 
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