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Cost of Importing Soybean in China--2/8/2021

2021-02-08 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 1366.8 103 225H 540 45 585 6.4673 4,328 7
Oct 1161 145 270X 480 46 526 6.5387 3,940 18
Soybean,
US PNW
Feb 1366.8 142 210H 554 25 579 6.4673 4,286 -15
Oct 1161 192 260X 497 25 522 6.5387 3,913 10
Soybean,
 Brazil
Feb 1366.8 80 175H 532 35 567 6.4673 4,194 -14
Mar 1366.8 47 142H 519 35 554 6.4829 4,115 -22
Apr 1365.8 37 134K 515 35.5 551 6.4985 4,099 -18
May 1365.8 38 135K 516 35.5 551 6.5387 4,127 -26
Jun 1347.8 65 163N 519 36 555 6.5387 4,155 -27
Jul 1347.8 78 176N 524 36 560 6.5387 4,190 -24
Soybean, Argentina May 1347.8 55 167N 515 41 556 6.5387 4,164 -17
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