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Cost of Importing Soybean in China--3/16/2021

2021-03-16 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 1419.5 82 234K 552 56 608 6.5140  4,524  -13 
Oct 1244 138 280X 508 52 560 6.5902  4,221  -25 
Nov 1244 133 275X 506 52 558 6.5902  4,208  -11 
Soybean,
US PNW
Mar 1419.5 143 230K 574 32 606 6.5140  4,512  -8 
Oct 1244 188 270X 526 30 556 6.5902  4,195  -11 
Nov 1244 185 267X 525 30 555 6.5902  4,186  -6 
Soybean,
 Brazil
Mar 1419.5 22 155K 530 49 579 6.5140  4,312  17 
Apr 1419.5 11 144K 526 49 575 6.5281  4,291  16 
May 1419.5 13 138K 526 46 572 6.5442  4,285  18 
Jun 1410.25 33 153N 530 44 574 6.5442  4,299  -7 
Jul 1410.25 51 165N 537 42 579 6.5902  4,363  23 
Aug 1410.25 66 180N 542 42 584 6.5902  4,404  23 
Sep 1410.25 83 197N 549 42 591 6.5902  4,450  23 
Soybean, Argentina May 1410.25 8 155N 521 54 575 6.5442  4,305  35 
Jun 1410.25 11 158N 522 54 576 6.5442  4,313  -7 
Jul 1410.25 18 165N 525 54 579 6.5902  4,362  23 
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