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Cost of Importing Soybean in China--3/2/2021

2021-03-02 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 1392.5 88 235H 544 54 598 6.4860  4,434  -34 
Oct 1219.25 144 286X 501 52 553 6.5578  4,150 
Nov 1219.25 140 282X 499 52 551 6.5578  4,140   
Soybean,
US PNW
Mar 1392.5 146 230H 565 31 596 6.4860  4,422  -7 
Oct 1219.25 190 269X 518 29 547 6.5578  4,105  14 
Soybean,
 Brazil
Mar 1392.5 40 165H 526 46 572 6.4860  4,247  -39 
Apr 1391.25 22 150K 519 47 566 6.5007  4,213  -41 
May 1391.25 22 150K 519 47 566 6.5142  4,221  -45 
Jun 1381 37 165N 521 47 568 6.5578  4,262  -28 
Jul 1381 47 175N 525 47 572 6.5578  4,289  -28 
Aug 1381 63 185N 531 45 576 6.5578  4,317  -28 
Soybean, Argentina May 1381 30 166N 518 50 568 6.5142  4,237  -39 
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