Today is 04/29/2024

Cost of Importing Soybean in China--3/4/2021

2021-03-04 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 1410.75 88 238H 551 55 606 6.4865  4,491  -6 
Oct 1224 144 286X 503 52 555 6.5586  4,164  -13 
Nov 1224 140 282X 501 52 553 6.5586  4,153  -14 
Soybean,
US PNW
Mar 1410.75 146 230H 572 31 603 6.4865  4,471  -7 
Oct 1224 190 269X 520 29 549 6.5586  4,119  -14 
Soybean,
 Brazil
Mar 1410.75 40 165H 533 46 579 6.4865  4,297  -6 
Apr 1407.5 28 150K 527 45 572 6.5019  4,258  -11 
May 1407.5 29 149K 528 44 572 6.5167  4,263  -10 
Jun 1391.5 43 163N 527 44 571 6.5586  4,285  -17 
Jul 1391.5 57 174N 532 43 575 6.5586  4,315  -18 
Aug 1391.5 68 185N 536 43 579 6.5586  4,345  -18 
Soybean, Argentina May 1391.5 30 166N 522 50 572 6.5167  4,267  -16 
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