Today is 04/29/2024

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

2021-03-03 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 1414 88 238H 552 55 607 6.4836  4,497  63 
Oct 1229.75 144 286X 505 52 557 6.5557  4,177  27 
Nov 1229.75 140 282X 503 52 555 6.5557  4,167  27 
Soybean,
US PNW
Mar 1414 146 230H 573 31 604 6.4836  4,478  56 
Oct 1229.75 190 269X 522 29 551 6.5557  4,133  28 
Soybean,
 Brazil
Mar 1414 40 165H 534 46 580 6.4836  4,303  56 
Apr 1412.5 28 150K 529 45 574 6.4982  4,269  56 
May 1412.5 29 149K 530 44 574 6.5110  4,273  52 
Jun 1398.75 43 163N 530 44 574 6.5557  4,302  40 
Jul 1398.75 57 174N 535 43 578 6.5557  4,333  44 
Aug 1398.75 68 185N 539 43 582 6.5557  4,363  46 
Soybean, Argentina May 1398.75 30 166N 525 50 575 6.5110  4,283  46 
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