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Cost of Importing Soybean in China--3/9/2021

2021-03-09 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 1433.75 88 238K 559 55 614 6.5686  4,609  32 
Oct 1254.25 143 285X 513 52 565 6.6440  4,297  50 
Nov 1254.25 138 280X 512 52 564 6.6440  4,283  50 
Soybean,
US PNW
Mar 1433.75 141 225K 579 31 610 6.5686  4,575  18 
Oct 1254.25 186 265X 529 29 558 6.6440  4,243  47 
Soybean,
 Brazil
Mar 1433.75 35 160K 540 46 586 6.5686  4,399  22 
Apr 1433.75 28 150K 537 45 582 6.5830  4,382  40 
May 1433.75 28 148K 537 44 581 6.6000  4,385  39 
Jun 1418.25 35 155N 534 44 578 6.6440  4,391  28 
Jul 1418.25 48 165N 539 43 582 6.6440  4,419  26 
Aug 1418.25 63 180N 544 43 587 6.6440  4,460  31 
Soybean, Argentina May 1418.25 24 160N 530 50 580 6.6000  4,377  44 
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