Today is 04/29/2024

Cost of Importing Soybean in China--2/23/2021

2021-02-23 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 1383.75 93 240H 543 54 597 6.4735  4,416  17 
Oct 1211.75 133 280X 494 54 548 6.5461  4,108  42 
Soybean,
US PNW
Feb 1383.75 137 221H 559 31 590 6.4735  4,366  20 
Oct 1211.75 176 260X 510 31 541 6.5461  4,055  45 
Soybean,
 Brazil
Feb 1383.75 85 210H 540 46 586 6.4735  4,336  18 
Mar 1383.75 47 172H 526 46 572 6.4885  4,244  17 
Apr 1387.5 38 166K 524 47 571 6.5026  4,247  21 
May 1387.5 40 168K 524 47 571 6.5461  4,280  22 
Jun 1377 42 170N 521 47 568 6.5461  4,257  26 
Jul 1377 57 185N 527 47 574 6.5461  4,297  26 
Soybean, Argentina May 1377 40 176N 521 50 571 6.5461  4,274  27 
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