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Cost of Importing Soybean in China--4/8/2021

2021-04-08 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 1408.75 80 245K 547 60.5 607 6.5749  4,564  -13 
Oct 1270.75 130 280X 515 55 570 6.6493  4,332  73 
Nov 1270.75 115 265X 509 55 564 6.6493  4,291  54 
Soybean,
US PNW
Apr 1408.75 141 235K 569 34.5 604 6.5749  4,538 
Oct 1270.75 188 270X 536 30 566 6.6493  4,305  58 
Nov 1270.75 173 255X 530 30 560 6.6493  4,264  49 
Soybean,
 Brazil
Apr 1408.75 -1 143K 517 53 570 6.5749  4,289  24 
May 1408.75 1 145K 518 53 571 6.5892  4,304  25 
Jun 1403 21 160N 523 51 574 6.6047  4,338  52 
Jul 1403 49 182N 533 49 582 6.6047  4,399  57 
Aug 1403 52 185N 535 49 584 6.6493  4,436  67 
Sep 1403 62 195N 538 49 587 6.6493  4,464  41 
Soybean, Argentina May 1403 -5 158N 514 57 571 6.5892  4,301  -22 
Jun 1403 -3 165N 514 57 571 6.6047  4,317  -25 
Jul 1403 5 170N 517 57 574 6.6047  4,338  -17 
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