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Cost of Importing Soybean in China--2/4/2021

2021-02-04 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 1371.25 90 212H 537 45 582 6.4757  4,310  44 
Oct 1156.25 135 260X 474 46 520 6.5433  3,903  16 
Soybean,
US PNW
Feb 1371.25 142 210H 556 25 581 6.4757  4,304  44 
Oct 1156.25 185 253X 493 25 518 6.5433  3,884  16 
Soybean,
 Brazil
Feb 1371.25 75 170H 531 35 566 6.4757  4,198  45 
Mar 1371.25 55 153H 524 36 560 6.4909  4,161  44 
Apr 1367.5 54 152K 522 36 558 6.5053  4,157  45 
May 1367.5 62 157K 525 35 560 6.5433  4,195  45 
Jun 1348.5 74 172N 523 36 559 6.5433  4,184  40 
Jul 1348.5 83 181N 526 36 562 6.5433  4,208  40 
Soybean, Argentina May 1348.5 52 164N 515 41 556 6.5433  4,161  40 
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