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Cost of Importing Soybean in China--2/5/2021

2021-02-05 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 1372.5 90 212H 537 45 582 6.4867  4,321  11 
Oct 1160.25 135 260X 476 46 522 6.5576  3,922  19 
Soybean,
US PNW
Feb 1372.5 137 205H 555 25 580 6.4867  4,301  -3 
Oct 1160.25 185 253X 494 25 519 6.5576  3,903  19 
Soybean,
 Brazil
Feb 1372.5 75 170H 532 35 567 6.4867  4,208  10 
Mar 1372.5 45 140H 521 35 556 6.5013  4,137  -24 
Apr 1369.25 36 133K 516 35.5 552 6.5167  4,117  -40 
May 1369.25 40 137K 518 35.5 553 6.5576  4,153  -42 
Jun 1349.5 69 167N 521 36 557 6.5576  4,182  -2 
Jul 1349.5 81 179N 526 36 562 6.5576  4,214 
Soybean, Argentina May 1349.5 55 167N 516 41 557 6.5576  4,181  20 
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