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Cost of Importing Soybean in China--3/12/2021

2021-03-12 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 1413.5 93 245K 553 56 609 6.4931  4,523  11 
Oct 1243.75 151 290X 512 51 563 6.5656  4,233  -2 
Nov 1243.75 141 280X 509 51 560 6.5656  4,206  -2 
Soybean,
US PNW
Mar 1413.5 151 235K 575 31 606 6.4931  4,496 
Oct 1243.75 196 275X 529 29 558 6.5656  4,193  -1 
Nov 1243.75 186 265X 525 29 554 6.5656  4,166  -1 
Soybean,
 Brazil
Mar 1413.5 27 160K 529 49 578 6.4931  4,295  -4 
Apr 1413.5 12 145K 524 49 573 6.5086  4,265  -17 
May 1413.5 19 143K 526 45.5 572 6.5210  4,266  -19 
Jun 1401.5 35 153N 528 43.5 571 6.5656  4,291 
Jul 1401.5 51 165N 534 42 576 6.5656  4,323 
Aug 1401.5 66 180N 539 42 581 6.5656  4,364 
Sep 1401.5 83 197N 545 42 587 6.5656  4,410  -9 
Soybean, Argentina May 1401.5 14 150N 520 50 570 6.5210  4,253  -15 
Jun 1401.5 10 146N 519 50 569 6.5656  4,271   
Jul 1401.5 20 156N 522 50 572 6.5656  4,298   
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