Today is 12/22/2024

Cost of Importing Corn in China--2/22/2021

2021-02-22 www.cofeed.com
Product Delivery CBOT Var.
(¢/bu)
Basis FOB
(USD/tonne)
Freight
(USD/tonne)
CFR China
(USD/tonne) 
Without Additional Tariff (CNY/tonne) With Additional Tariff (CNY/tonne)
Corn, US Gulf Mar 542.75 -7.5 72 242 56 298 2234 2762
Apr 541.75 -7.25 71 241 56 297 2228 2755
May 541.75 -7.25 71 241 56 297 2243 2773
Jun 533 -6 79 241 56 297 2241 2770
Jul 533 -6 79 241 56 297 2254 2787
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.