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Cost of Importing Soybean in China--3/15/2021

2021-03-15 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 1413.25 93 245K 553 56 609 6.5147  4,537  14 
Oct 1243.75 148 290X 511 52 563 6.5877  4,246  13 
Nov 1243.75 138 280X 508 52 560 6.5877  4,219  13 
Soybean,
US PNW
Mar 1413.25 152 239K 575 32 607 6.5147  4,520  24 
Oct 1243.75 193 275X 528 30 558 6.5877  4,206  13 
Nov 1243.75 188 270X 526 30 556 6.5877  4,192  26 
Soybean,
 Brazil
Mar 1413.25 22 155K 527 49 576 6.5147  4,295 
Apr 1413.25 11 144K 523 49 572 6.5288  4,275  10 
May 1413.25 13 138K 524 46 570 6.5435  4,267 
Jun 1402.5 33 153N 527 44 571 6.5877  4,306  15 
Jul 1402.5 51 165N 534 42 576 6.5877  4,340  17 
Aug 1402.5 66 180N 540 42 582 6.5877  4,381  17 
Sep 1402.5 83 197N 546 42 588 6.5877  4,427  17 
Soybean, Argentina May 1402.5 3 150N 516 54 570 6.5435  4,270  17 
Jun 1402.5 11 158N 519 54 573 6.5877  4,320  49 
Jul 1402.5 18 165N 522 54 576 6.5877  4,339  41 
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