Today is 11/15/2024

Cost of Importing Corn in China--4/15/2021

2021-04-15 www.cofeed.com
Product Delivery CBOT Var.
(¢/bu)
Basis FOB
(USD/tonne)
Freight
(USD/tonne)
CFR China
(USD/tonne) 
Without Additional Tariff (CNY/tonne) With Additional Tariff (CNY/tonne)
Corn, US Gulf Apr 594 14 67 260 57 317 2382 2947
May 594 14 64 259 57 316 2373 2936
Jun 579.5 13 83 261 57 318 2386 2952
Remarks: 1. Duty-paid prices include 100 yuan of port surcharges, which is just for reference.
2. Imported US corn is imposed with 25% of additional tariffs since July 6th, 2019;
and the tariffs were raised higher by 10% since December 16th, 2019, which is temporarily not imposed now.