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Cost of Importing Soybean in China--3/10/2021

2021-03-10 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 1440 90 240K 562 55 617 6.5356  4,608  -1 
Oct 1262 151 290X 519 51 570 6.6106  4,311  14 
Nov 1262 141 280X 515 51 566 6.6106  4,284 
Soybean,
US PNW
Mar 1440 146 230K 583 31 614 6.5356  4,583 
Oct 1262 196 275X 536 29 565 6.6106  4,271  28 
Nov 1262 186 265X 532 29 561 6.6106  4,244   
Soybean,
 Brazil
Mar 1440 35 160K 542 46 588 6.5356  4,394  -5 
Apr 1440 28 150K 539 45 584 6.5513  4,378  -4 
May 1440 28 148K 539 44 583 6.5669  4,381  -4 
Jun 1426 35 155N 537 44 581 6.6106  4,390  -1 
Jul 1426 51 168N 543 43 586 6.6106  4,427 
Aug 1426 63 180N 547 43 590 6.6106  4,459  -1 
Sep 1426 86 200N 556 42 598 6.6106  4,515   
Soybean, Argentina May 1426 19 155N 531 50 581 6.5669  4,363  -14 
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