Today is 04/19/2024

Cost of Importing Soybean in China--4/22/2021

2021-04-22 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 1497.25 72 235K 577 60 637 6.4933  4,720   
Oct 1310.25 130 280X 529 55 584 6.5623  4,384  55 
Nov 1310.25 120 270X 525 55 580 6.5623  4,357  55 
Soybean,
US PNW
May 1497.25 137 230K 600 34 634 6.4933  4,705   
Oct 1310.25 188 270X 550 30 580 6.5623  4,357  43 
Nov 1310.25 178 260X 547 30 577 6.5623  4,329  42 
Soybean,
 Brazil
Apr 1497.25 -6 133K 548 51 599 6.4933  4,446  60 
May 1497.25 4 143K 552 51 603 6.4933  4,482  79 
Jun 1479.5 22 155N 552 49 601 6.5064  4,477  68 
Jul 1479.5 44 175N 560 48 608 6.5203  4,529  76 
Aug 1479.5 59 190N 565 48 613 6.5623  4,598  71 
Sep 1479.5 71 202N 570 48 618 6.5623  4,631  85 
Feb 1281.25 45 151H 487 39 526 6.5623  3,957  66 
Mar 1281.25 25 131H 480 39 519 6.5623  3,903   
Soybean, Argentina May 1479.5 -12 140N 539 56 595 6.4933  4,419  49 
Jun 1479.5 -5 147N 542 56 598 6.5064  4,446  53 
Jul 1479.5 -2 150N 543 56 599 6.5203  4,464  63 
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