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Cost of Importing Soybean in China--4/1/2021

2021-04-01 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
May 1436.75 76 242K 556 61 617 6.5744  4,633   
Oct 1256.25 125 275X 507 55 562 6.5744  4,232  105 
Nov 1256.25 120 270X 506 55 561 6.5744  4,218  133 
Soybean,
US PNW
May 1436.75 120 217K 572 35.5 607 6.5744  4,564   
Oct 1256.25 177 267X 527 33 560 6.5744  4,210  111 
Nov 1256.25 170 260X 524 33 557 6.5744  4,191  133 
Soybean,
 Brazil
Apr 1436.75 -14 133K 523 54 577 6.5744  4,337  167 
May 1436.75 -12 135K 523 54 577 6.5744  4,342  160 
Jun 1427.75 26 165N 534 51 585 6.5744  4,399  185 
Jul 1427.75 31 172N 536 51 587 6.5744  4,412  153 
Aug 1427.75 42 178N 540 50 590 6.5744  4,435  139 
Sep 1427.75 64 200N 548 50 598 6.5744  4,494  130 
Soybean, Argentina May 1427.75 -5 158N 523 60 583 6.5744  4,381  157 
Jun 1427.75 2 165N 525 60 585 6.5744  4,400  162 
Jul 1427.75 7 170N 527 60 587 6.5744  4,414  131 
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