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

2021-03-24 www.cofeed.com
Product Delivery CBOT Var. Premium FOB Freight CFR China  Duty Paid
/lb /lb 0.01/lb USD/tonne USD/tonne USD/tonne CNY/tonne
SBO, Argentina Apr 57.02 +0.65 +20K 1262 65 1327 10510
May/Jun/Jul 53.82 +0.07 -100N 1165 65 1230 9820
Jun/Jul 53.82 +0.07 -130N 1158 65 1223 9760
 
SBO, Brazil 15-Apr/15-May 57.02 +0.65 -20K 1253 65 1318 10440
May 57.02 +0.65 -20K 1253 65 1318 10440
Jun 53.82 +0.07 -40N 1178 65 1243 9920
Jul 53.82 +0.07 -80N 1169 65 1234 9850
Aug/Sep 49.1 -0.06 +80U 1100 65 1165 9300
Oct/Nov/Dec 47.23 -0.09 +100Z 1063 65 1128 9060
Jan-22 46.7 -0.05 -70F 1014 65 1079 8670
Duty paid price includes the port charge (port charge= CNY80).
Freight is subject to change and for reference only.
The quotation in actual transaction shall prevail.
The tariff for soybean oil from Argentina and Brazil is 9%, and the addtional tariff for US soybean oil is 25%.
F=Jan, G=Feb, H=Mar, J=Apr, K=May, M=Jun, N=Jul, Q=Aug, U=Sept, V=Oct, X=Nov, Z=Dec.