Today is 04/24/2024

Cost of Importing Corn in China--1/22/2021

2021-01-22 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 44 291 2179 2693 -46
Mar 244 44 288 2161 2672 -32
Apr 243 44 287 2154 2663 -46
May 241 44 285 2144 2650 -50
Jun 238 44 282 2133 2636 -59
Jul 238 44 282 2133 2636 -50
Corn, PNW Mar 258 25 283 2126 2627 -23
Apr 255 25 280 2104 2600 -64
Jul 255 25 280 2108 2605 -59
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.