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Cost of Importing Soybean in China--3/11/2021

2021-03-11 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 1409.75 90 240K 551 55 606 6.5144  4,512  -96 
Oct 1238.75 151 290X 511 51 562 6.5896  4,235  -76 
Nov 1238.75 141 280X 507 51 558 6.5896  4,208  -76 
Soybean,
US PNW
Mar 1409.75 146 230K 572 31 603 6.5144  4,487  -96 
Oct 1238.75 196 275X 527 29 556 6.5896  4,194  -77 
Nov 1238.75 186 265X 523 29 552 6.5896  4,167  -77 
Soybean,
 Brazil
Mar 1409.75 35 160K 531 46 577 6.5144  4,299  -95 
Apr 1409.75 28 150K 528 45 573 6.5298  4,282  -96 
May 1409.75 28 148K 528 44 572 6.5455  4,285  -96 
Jun 1396 33 153N 525 44 569 6.5896  4,290  -100 
Jul 1396 48 165N 531 43 574 6.5896  4,323  -104 
Aug 1396 63 180N 536 43 579 6.5896  4,364  -95 
Sep 1396 86 200N 544 42 586 6.5896  4,419  -96 
Soybean, Argentina May 1396 19 155N 520 50 570 6.5455  4,268  -95 
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