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Cost of Importing Soybean in China--3/31/2021

2021-03-31 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 1366.75 81 250K 532 62 594 6.5864  4,472  -75 
Oct 1186.25 127 285X 482 58 540 6.6687  4,127  -53 
Nov 1186.25 112 270X 477 58 535 6.6687  4,085  -54 
Soybean,
US PNW
Mar 1366.75 147 245K 556 36 592 6.5864  4,459  -75 
Oct 1186.25 185 275X 504 33 537 6.6687  4,099  -53 
Nov 1186.25 170 260X 498 33 531 6.6687  4,058  -53 
Soybean,
 Brazil
Mar 1366.75 4 155K 504 55.5 559 6.5864  4,214  -75 
Apr 1366.75 -16 135K 496 55.5 552 6.5864  4,170  -76 
May 1366.75 -14 136K 497 55 552 6.6022  4,182  -73 
Jun 1357.75 15 157N 504 52 556 6.6187  4,214  -74 
Jul 1357.75 20 162N 506 52 558 6.6187  4,259  -73 
Aug 1357.75 36 175N 512 51 563 6.6687  4,296  -78 
Sep 1357.75 61 200N 521 51 572 6.6687  4,364  -79 
Soybean, Argentina May 1357.75 -3 160N 498 60 558 6.6022  4,224  -79 
Jun 1357.75 2 165N 500 60 560 6.6187  4,238  -79 
Jul 1357.75 7 170N 501 60 561 6.6187  4,283  -79 
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