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Cost of Importing Soybean in China--1/28/2021

2021-01-28 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
Feb 1374.75 90 210H 538 44 582 6.5107  4,335  28 
Oct 1149.25 132 257X 471 46 517 6.5772  3,896  19 
Soybean,
US PNW
Feb 1374.75 148 216H 559 25 584 6.5107  4,352  63 
Oct 1149.25 193 250X 493 21 514 6.5772  3,877  19 
Soybean,
 Brazil
Feb 1374.75 88 178H 537 33 570 6.5107  4,249  49 
Mar 1374.75 67 160H 530 34 564 6.5270  4,211  43 
Apr 1373.25 61 154K 527 34 561 6.5414  4,200  29 
May 1373.25 62 157K 527 35 562 6.5772  4,232  22 
Jun 1354.5 74 172N 525 36 561 6.5772  4,221  28 
Jul 1354.5 84 182N 529 36 565 6.5772  4,248  28 
Soybean, Argentina May 1354.5 55 167N 518 41 559 6.5772  4,207  24 
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