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Cost of Importing Soybean in China--1/29/2021

2021-01-29 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 1353.25 90 210H 530 44 574 6.4870  4,262  -73 
Oct 1131.25 132 257X 464 46 510 6.5525  3,833  -63 
Soybean,
US PNW
Feb 1353.25 148 216H 552 25 577 6.4870  4,279  -73 
Oct 1131.25 193 250X 487 21 508 6.5525  3,814  -63 
Soybean,
 Brazil
Feb 1353.25 83 178H 528 35 563 6.4870  4,178  -71 
Mar 1353.25 62 160H 520 36 556 6.5000  4,137  -74 
Apr 1351.5 56 154K 517 36 553 6.5177  4,127  -73 
May 1351.5 62 157K 519 35 554 6.5525  4,158  -74 
Jun 1333 74 172N 517 36 553 6.5525  4,148  -73 
Jul 1333 84 182N 521 36 557 6.5525  4,175  -73 
Soybean, Argentina May 1333 55 167N 510 41 551 6.5525  4,133  -74 
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