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Cost of Importing Soybean in China--2/1/2021

2021-02-01 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 1370 92 212H 537 44 581 6.4795  4,308  46 
Oct 1143 132 257X 468 46 514 6.5468  3,861  28 
Soybean,
US PNW
Feb 1370 142 210H 556 25 581 6.4795  4,303  24 
Oct 1143 196 253X 492 21 513 6.5468  3,850  36 
Soybean,
 Brazil
Feb 1370 75 170H 531 35 566 6.4795  4,197  19 
Mar 1370 57 155H 524 36 560 6.4960  4,166  29 
Apr 1367 56 154K 523 36 559 6.5103  4,164  37 
May 1367 64 159K 526 35 561 6.5468  4,202  44 
Jun 1348.75 74 172N 523 36 559 6.5468  4,187  39 
Jul 1348.75 85 183N 527 36 563 6.5468  4,216  41 
Soybean, Argentina May 1348.75 55 167N 516 41 557 6.5468  4,172  39 
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