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Cost of Importing Soybean in China--3/30/2021

2021-03-30 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 1393 81 250K 542 62 604 6.5920  4,547 
Oct 1204.5 127 285X 489 58 547 6.6737  4,180  13 
Nov 1204.5 112 270X 484 58 542 6.6737  4,139  13 
Soybean,
US PNW
Mar 1393 147 245K 566 36 602 6.5920  4,534 
Oct 1204.5 185 275X 511 33 544 6.6737  4,152  12 
Nov 1204.5 170 260X 505 33 538 6.6737  4,111  12 
Soybean,
 Brazil
Mar 1393 4 155K 513 55.5 569 6.5920  4,289  -1 
Apr 1393 -16 135K 506 55.5 561 6.6093  4,246  -13 
May 1393 -15 135K 506 55 561 6.6249  4,255  -13 
Jun 1385.25 13 155N 514 52 566 6.6249  4,288  -11 
Jul 1385.25 18 160N 516 52 568 6.6737  4,332  -20 
Aug 1385.25 36 175N 522 51 573 6.6737  4,374  -11 
Sep 1385.25 61 200N 531 51 582 6.6737  4,443 
Soybean, Argentina May 1385.25 -3 160N 508 60 568 6.6249  4,303  18 
Jun 1385.25 2 165N 510 60 570 6.6249  4,317  13 
Jul 1385.25 7 170N 512 60 572 6.6737  4,362 
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