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Cost of Importing Soybean in China--3/17/2021

2021-03-17 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 1423.25 83 235K 553 56 609 6.5197  4,541  17 
Oct 1245 138 280X 508 52 560 6.5991  4,230 
Nov 1245 133 275X 506 52 558 6.5991  4,216 
Soybean,
US PNW
Mar 1423.25 143 230K 575 32 607 6.5197  4,526  14 
Oct 1245 188 270X 526 30 556 6.5991  4,203 
Nov 1245 185 267X 525 30 555 6.5991  4,195 
Soybean,
 Brazil
Mar 1423.25 22 155K 531 49 580 6.5197  4,325  13 
Apr 1423.25 12 145K 527 49 576 6.5360  4,309  18 
May 1423.25 15 140K 528 46 574 6.5509  4,305  20 
Jun 1413.75 38 158N 533 44 577 6.5509  4,326  27 
Jul 1413.75 56 170N 540 42 582 6.5991  4,392  29 
Aug 1413.75 66 180N 544 42 586 6.5991  4,419  15 
Sep 1413.75 86 200N 551 42 593 6.5991  4,473  23 
Soybean, Argentina May 1413.75 8 155N 522 54 576 6.5509  4,319  14 
Jun 1413.75 11 158N 523 54 577 6.5509  4,327  14 
Jul 1413.75 18 165N 526 54 580 6.5991  4,377  15 
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