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Cost of Importing Soybean in China--4/7/2021

2021-04-07 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 1418.75 79 245K 550 61 611 6.5534  4,577  10 
Oct 1271.25 125 275X 513 55 568 6.5534  4,259  -9 
Nov 1271.25 117 267X 510 55 565 6.5534  4,237  -18 
Soybean,
US PNW
Apr 1418.75 135 230K 571 35 606 6.5534  4,538  14 
Oct 1271.25 186 270X 535 31 566 6.5534  4,247  -8 
Nov 1271.25 174 258X 531 31 562 6.5534  4,215  -13 
Soybean,
 Brazil
Apr 1418.75 -16 130K 515 53.5 569 6.5534  4,265 
May 1418.75 -11 135K 517 53.5 571 6.5534  4,279  19 
Jun 1411.25 6 145N 521 51 572 6.5534  4,286  27 
Jul 1411.25 32 165N 530 49 579 6.5534  4,342  26 
Aug 1411.25 42 175N 534 49 583 6.5534  4,369 
Sep 1411.25 62 195N 541 49 590 6.5534  4,423 
Soybean, Argentina May 1411.25 -5 158N 517 60 577 6.5534  4,323 
Jun 1411.25 2 165N 519 60 579 6.5534  4,342 
Jul 1411.25 7 170N 521 60 581 6.5534  4,355 
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