Today is 04/19/2024

Cost of Importing Crude Soybean Oil in China--4/23/2021

2021-04-23 www.cofeed.com
Product Delivery CBOT Var. Premium FOB Freight CFR China  Duty Paid
/lb /lb 0.01/lb USD/tonne USD/tonne USD/tonne CNY/tonne
SBO, Argentina May 62.52 +2.33 -470K 1275 65 1340 10700
Jun 58.95 +2.01 -330N 1227 65 1292 10320
Jul 58.95 +2.01 -340N 1225 65 1290 10310
Aug/Sep 53.09 +1.34 -50U 1160 65 1225 9850
Oct/Nov/Dec 50.82 +1.28 -50N 1109 65 1174 9510
 
SBO, Brazil May 62.52 +2.33 -300K 1312 65 1377 11000
Jun 58.95 +2.01 -320N 1229 65 1294 10340
Jul 58.95 +2.01 -340N 1225 65 1290 10310
Aug/Sep 53.09 +1.34 -60U 1157 65 1222 9830
Oct/Nov/Dec 50.82 +1.28 -40Z 1111 65 1176 9520
Duty paid price includes the port charge (port charge= CNY80).
Freight is subject to change and for reference only.
The quotation in actual transaction shall prevail.
The tariff for soybean oil from Argentina and Brazil is 9%, and the addtional tariff for US soybean oil is 25%.
F=Jan, G=Feb, H=Mar, J=Apr, K=May, M=Jun, N=Jul, Q=Aug, U=Sept, V=Oct, X=Nov, Z=Dec.