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Cost of Importing Soybean in China--2/3/2021

2021-02-03 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 1354.75 90 212H 531 45 576 6.4757  4,266  -31 
Oct 1150.5 135 260X 472 46 518 6.5433  3,887  -4 
Soybean,
US PNW
Feb 1354.75 142 210H 550 25 575 6.4757  4,260  -30 
Oct 1150.5 185 253X 491 25 516 6.5433  3,868  -12 
Soybean,
 Brazil
Feb 1354.75 75 170H 525 35 560 6.4757  4,153  -31 
Mar 1354.75 55 153H 518 36 554 6.4909  4,117  -36 
Apr 1350.75 54 152K 516 36 552 6.5053  4,112  -40 
May 1350.75 62 157K 519 35 554 6.5433  4,150  -39 
Jun 1333.75 74 172N 517 36 553 6.5433  4,144  -33 
Jul 1333.75 83 181N 521 36 557 6.5433  4,168  -38 
Soybean, Argentina May 1333.75 52 164N 509 41 550 6.5433  4,121  -41 
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