Today is 11/18/2024

Cost of Importing Corn in China--1/27/2021

2021-01-27 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 254 44 298 2233 2761 56
Mar 253 44 297 2230 2758 47
Apr 246 44 290 2180 2695 56
May 244 44 288 2177 2692 57
Jun 242 44 286 2163 2674 65
Jul 241 44 285 2156 2665 51
Corn, PNW May 256 25 281 2127 2629  
Jun 254 25 279 2112 2611  
Jul 254 25 279 2112 2611  
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.