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Cost of Importing Soybean in China--2/19/2021

2021-02-19 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 1375 90 212H 538 45 583 6.4763  4,321  -26 
Oct 1186.5 133 258X 485 46 531 6.5466  3,981  -9 
Soybean,
US PNW
Feb 1375 135 203H 555 25 580 6.4763  4,296  -26 
Oct 1186.5 185 253X 504 25 529 6.5466  3,967  -9 
Soybean,
 Brazil
Feb 1375 75 176H 533 37 570 6.4763  4,222  -27 
Mar 1375 37 138H 519 37 556 6.4905  4,130  -25 
Apr 1376.5 33 136K 518 38 556 6.5051  4,140  -24 
May 1376.5 37 140K 519 38 557 6.5466  4,176  -25 
Jun 1364.75 65 168N 525 38 563 6.5466  4,220  -23 
Jul 1364.75 75 178N 529 38 567 6.5466  4,247  -23 
Soybean, Argentina May 1364.75 55 167N 522 41 563 6.5466  4,215  -23 
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