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Cost of Importing Soybean in China--2/25/2021

2021-02-25 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 1423.75 93 240H 557 54 611 6.4724  4,522  46 
Oct 1238.25 133 280X 504 54 558 6.5434  4,178  42 
Soybean,
US PNW
Feb 1423.75 137 221H 573 31 604 6.4724  4,472  46 
Oct 1238.25 176 260X 520 31 551 6.5434  4,125  42 
Soybean,
 Brazil
Feb 1423.75 85 210H 554 46 600 6.4724  4,442  46 
Mar 1423.75 42 167H 539 46 585 6.4873  4,337  43 
Apr 1425.75 24 152K 533 47 580 6.5012  4,311  45 
May 1425.75 26 154K 533 47 580 6.5434  4,344  42 
Jun 1412 37 165N 532 47 579 6.5434  4,336  45 
Jul 1412 47 175N 536 47 583 6.5434  4,363  45 
Soybean, Argentina May 1412 34 170N 531 50 581 6.5434  4,350  29 
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