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

2021-02-02 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 1365.25 90 212H 535 45 580 6.4795  4,297  -11 
Oct 1154 132 257X 472 46 518 6.5468  3,891  30 
Soybean,
US PNW
Feb 1365.25 142 210H 554 25 579 6.4795  4,290  -13 
Oct 1154 185 253X 492 25 517 6.5468  3,880  30 
Soybean,
 Brazil
Feb 1365.25 75 170H 529 35 564 6.4795  4,184  -13 
Mar 1365.25 57 155H 523 36 559 6.4960  4,153  -13 
Apr 1362.5 56 154K 521 36 557 6.5103  4,152  -12 
May 1362.5 64 159K 524 35 559 6.5468  4,189  -13 
Jun 1345 74 172N 521 36 557 6.5468  4,177  -10 
Jul 1345 85 183N 525 36 561 6.5468  4,206  -10 
Soybean, Argentina May 1345 55 167N 514 41 555 6.5468  4,162  -10 
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