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

2021-02-05 www.cofeed.com
  Delivery FOB
(USD/tonne)
Freight
(USD/tonne)
CFR China
(USD/tonne) 
Without Additional Tariff (CNY/tonne) With Additional Tariff (CNY/tonne) Var.
(CNY/tonne)
Corn, US Gulf Mar 259 45 304 2282 2822 -3
Apr 252 45 297 2231 2759 -4
May 251 45 296 2224 2750 -4
Jun 245 45 290 2194 2713 6
Jul 244 45 289 2187 2704 6
Remarks: 1. Duty-paid prices include 100 yuan of port surcharges, which is just for reference.
2. Imported US corn is imposed with 25% of additional tariffs since July 6th, 2019;
and the tariffs were raised higher by 10% since December 16th, 2019, which is temporarily not imposed now.