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Cost of Importing Soybean in China--3/22/2021

2021-03-22 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 1416.25 84 250K 551 61 612 6.5256  4,565  65 
Oct 1220 133 285X 497 56 553 6.6055  4,182  38 
Nov 1220 123 275X 493 56 549 6.6055  4,154  37 
Soybean,
US PNW
Mar 1416.25 142 240K 573 36 609 6.5256  4,538  66 
Oct 1220 188 275X 517 32 549 6.6055  4,154  36 
Nov 1220 183 270X 515 32 547 6.6055  4,140  35 
Soybean,
 Brazil
Mar 1416.25 2 150K 521 54.5 576 6.5256  4,297  65 
Apr 1416.25 -3 145K 519 54.5 574 6.5417  4,294  65 
May 1416.25 -2 142K 520 53 573 6.5577  4,296  62 
Jun 1403 16 158N 521 52 573 6.5577  4,301  58 
Jul 1403 32 168N 527 50 577 6.6055  4,361  55 
Aug 1403 44 180N 532 50 582 6.6055  4,393  60 
Sep 1403 64 200N 539 50 589 6.6055  4,448  60 
Soybean, Argentina May 1403 -3 155N 514 58 572 6.5577  4,294  74 
Jun 1403 0 158N 515 58 573 6.5577  4,302  74 
Jul 1403 9 167N 519 58 577 6.6055  4,357  65 
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