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Cost of Importing Soybean in China--3/18/2021

2021-03-18 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 1417.75 83 235K 551 56 607 6.5065  4,517  -24 
Oct 1235.5 138 280X 505 52 557 6.5863  4,196  -34 
Nov 1235.5 133 275X 503 52 555 6.5863  4,182  -34 
Soybean,
US PNW
Mar 1417.75 143 230K 573 32 605 6.5065  4,502  -24 
Oct 1235.5 188 270X 523 30 553 6.5863  4,169  -34 
Nov 1235.5 185 267X 522 30 552 6.5863  4,161  -34 
Soybean,
 Brazil
Mar 1417.75 22 155K 529 49 578 6.5065  4,302  -23 
Apr 1417.75 12 145K 525 49 574 6.5227  4,286  -23 
May 1417.75 15 140K 526 46 572 6.5389  4,282  -23 
Jun 1406 35 155N 529 44 573 6.5389  4,290  -36 
Jul 1406 56 170N 537 42 579 6.5863  4,362  -30 
Aug 1406 66 180N 541 42 583 6.5863  4,390  -29 
Sep 1406 86 200N 548 42 590 6.5863  4,444  -29 
Soybean, Argentina May 1406 3 150N 518 54 572 6.5389  4,277  -42 
Jun 1406 6 153N 519 54 573 6.5389  4,285  -42 
Jul 1406 18 165N 523 54 577 6.5863  4,348  -29 
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