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Cost of Importing Crude Soybean Oil in China--2/26/2021

2021-02-26 www.cofeed.com
Product Delivery CBOT Var. Premium FOB Freight CFR China  Duty Paid
/lb /lb 0.01/lb USD/tonne USD/tonne USD/tonne CNY/tonne
SBO, US Gulf Apr 49.67 -0.36 +400K 1183 63 1246 11980
 
SBO, Argentina Mar 49.67 -0.36 +140K 1126 63 1189 9290
Apr 49.67 -0.36 -60K 1082 63 1145 9010
May/Jun/Jul 48.67 -0.43 -110N 1049 63 1112 8800
Aug/Sep 46.09 -0.39 -50U 1005 63 1068 8460
Oct/Mov/Dec 44.31 -0.22 +30Z 984 63 1047 8360
Jan/Feb-22 43.52     917 63 980 7830
Mar-22 43.52     898 63 961 7680
 
SBO, Brazil Mar 49.67 -0.36 +130K 1124 63 1187 9270
Apr 49.67 -0.36 +20K 1100 63 1163 9140
May 49.67 -0.36 -100K 1073 63 1136 8940
Jun/Jul 48.67 -0.43 -90N 1053 63 1116 8840
Aug/Sep 46.09 -0.39 -30U 1010 63 1073 8500
Jan-22 43.96     930 63 993 7930
Jan/Feb-22 43.52     926 63 989 7900
Mar-22 43.52     911 63 974 7780
Duty paid price includes the port charge (port charge= CNY80).
Freight is subject to change and for reference only.
The quotation in actual transaction shall prevail.
The tariff for soybean oil from Argentina and Brazil is 9%, and the addtional tariff for US soybean oil is 25%.
F=Jan, G=Feb, H=Mar, J=Apr, K=May, M=Jun, N=Jul, Q=Aug, U=Sept, V=Oct, X=Nov, Z=Dec.