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Cost of Importing Soybean in China--3/26/2021

2021-03-26 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 1414.25 81 250K 549 62 611 6.5590  4,582  -45 
Oct 1214.75 124 285X 492 59 551 6.6403  4,187  -32 
Nov 1214.75 109 270X 486 59 545 6.6403  4,146  -32 
Soybean,
US PNW
Mar 1414.25 147 245K 574 36 610 6.5590  4,569  -43 
Oct 1214.75 185 275X 514 33 547 6.6403  4,160  -30 
Nov 1214.75 170 260X 509 33 542 6.6403  4,119  -30 
Soybean,
 Brazil
Mar 1414.25 3 155K 521 56 577 6.5590  4,327  -43 
Apr 1414.25 -12 140K 515 56 571 6.5745  4,296  -44 
May 1414.25 -10 140K 516 55 571 6.5910  4,305  -46 
Jun 1404.5 14 158N 521 53 574 6.5910  4,329  -30 
Jul 1404.5 24 168N 525 53 578 6.6403  4,388  -38 
Aug 1404.5 36 180N 529 53 582 6.6403  4,421  -38 
Sep 1404.5 58 200N 537 52 589 6.6403  4,473  -39 
Soybean, Argentina May 1404.5 -11 155N 512 61 573 6.5910  4,320  -47 
Jun 1404.5 -4 162N 515 61 576 6.5910  4,339  -33 
Jul 1404.5 4 170N 517 61 578 6.6403  4,393  -30 
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