Today is 11/16/2024

Cost of Importing Soybean in China--3/24/2021

2021-03-24 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 79 250K 552 63 615 6.5390  4,594  28 
Oct 1223.5 127 290X 496 60 556 6.6200  4,214  33 
Nov 1223.5 117 280X 492 60 552 6.6200  4,186  32 
Soybean,
US PNW
Mar 1423.25 144 245K 576 37 613 6.5390  4,579  28 
Oct 1223.5 195 285X 521 33 554 6.6200  4,199  33 
Nov 1223.5 185 275X 517 33 550 6.6200  4,171  32 
Soybean,
 Brazil
Mar 1423.25 -4 155K 521 58.5 580 6.5390  4,337  27 
Apr 1423.25 -9 150K 520 58.5 578 6.5550  4,334  28 
May 1423.25 -2 150K 522 56 578 6.5710  4,345  28 
Jun 1411.25 15 162N 524 54 578 6.5710  4,344  38 
Jul 1411.25 26 170N 528 53 581 6.6200  4,398  32 
Aug 1411.25 38 182N 532 53 585 6.6200  4,431  32 
Sep 1411.25 58 200N 540 52 592 6.6200  4,478  32 
Soybean, Argentina May 1411.25 -10 156N 515 61 576 6.5710  4,328  33 
Jun 1411.25 -8 158N 516 61 577 6.5710  4,333  32 
Jul 1411.25 1 167N 519 61 580 6.6200  4,390  33 
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