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Cost of Importing Soybean in China--3/1/2021

2021-03-01 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
Mar 1405.25 88 235H 549 54 603 6.4852  4,468   
Oct 1223 136 280X 499 53 552 6.5570  4,146  -26 
Soybean,
US PNW
Mar 1405.25 136 220H 566 31 597 6.4852  4,429   
Oct 1223 181 260X 516 29 545 6.5570  4,091  -28 
Soybean,
 Brazil
Mar 1405.25 42 167H 532 46 578 6.4852  4,286  -20 
Apr 1404.25 24 152K 525 47 572 6.5019  4,254  -22 
May 1404.25 26 154K 525 47 572 6.5135  4,266  -44 
Jun 1391.5 37 165N 525 47 572 6.5570  4,290  -22 
Jul 1391.5 47 175N 529 47 576 6.5570  4,317  -22 
Aug 1391.5 63 185N 534 45 579 6.5570  4,345   
Soybean, Argentina May 1391.5 34 170N 524 50 574 6.5135  4,276  -50 
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