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Cost of Importing Soybean in China--4/6/2021

2021-04-06 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
Apr 1412.75 75 244K 547 61 608 6.5774  4,567   
Oct 1269 125 275X 512 55 567 6.5774  4,268  14 
Nov 1269 120 270X 510 55 565 6.5774  4,255  15 
Soybean,
US PNW
Apr 1412.75 130 225K 567 35 602 6.5774  4,524  51 
Oct 1269 180 270X 532 33 565 6.5774  4,255  22 
Nov 1269 170 260X 529 33 562 6.5774  4,228  14 
Soybean,
 Brazil
Apr 1412.75 -19 128K 512 54 566 6.5774  4,260   
May 1412.75 -19 128K 512 54 566 6.5774  4,260  16 
Jun 1405.5 -4 135N 515 51 566 6.5774  4,259  -30 
Jul 1405.5 17 156N 523 51 574 6.5774  4,316  13 
Aug 1405.5 36 172N 530 50 580 6.5774  4,360  29 
Sep 1405.5 59 195N 538 50 588 6.5774  4,422  10 
Soybean, Argentina May 1405.5 -5 158N 515 60 575 6.5774  4,323  24 
Jun 1405.5 2 165N 517 60 577 6.5774  4,342  24 
Jul 1405.5 7 170N 519 60 579 6.5774  4,355  23 
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