Today is 04/29/2024

Cost of Importing Corn in China--3/25/2021

2021-03-25 www.cofeed.com
  Delivery FOB
(USD/tonne)
Freight
(USD/tonne)
CFR China
(USD/tonne) 
Without Additional Tariff (CNY/tonne) With Additional Tariff (CNY/tonne) Var.
(CNY/tonne)
Corn, US Gulf Apr 251 63 314 2375 2938 3
May 251 63 314 2375 2938 12
Jun 249 63 312 2377 2940 12
Jul 248 63 311 2369 2931 12
Aug 229 63 292 2231 2758 3
Sept 229 63 292 2245 2777 3
Oct 230 60 290 2231 2758 3
Nov 228 60 288 2216 2740 3
Dec 228 60 288 2216 2740 3
Corn, PNW May 269 37 306 2315 2863 9
Jun 266 37 303 2295 2838 -8
Jul 267 37 304 2318 2867 3
Oct 253 33 286 2201 2722 -6
Nov 255 33 288 2216 2740 -6
Dec 255 33 288 2216 2740 -6
Remarks: 1. Duty-paid prices include 100 yuan of port surcharges, which is just for reference.
2. Imported US corn is imposed with 25% of additional tariffs since July 6th, 2019;
and the tariffs were raised higher by 10% since December 16th, 2019, which is temporarily not imposed now.