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Cost of Importing Soybean in China--4/28/2021

2021-04-28 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 1549.75 60 226K 591 61 652 6.4827  4,828  -80 
Oct 1342.5 125 275X 539 55 594 6.5517  4,450  -57 
Nov 1342.5 120 270X 537 55 592 6.5517  4,437  -57 
Soybean,
US PNW
May 1549.75 125 220K 615 35 650 6.4827  4,813  -82 
Oct 1342.5 185 267X 561 30 591 6.5517  4,429  -57 
Nov 1342.5 178 260X 559 30 589 6.5517  4,410  -57 
Soybean,
 Brazil
May 1549.75 0 143K 569 52.5 622 6.4827  4,616  -35 
Jun 1519.5 9 145N 562 50 612 6.4965  4,550  -57 
Jul 1519.5 24 160N 567 50 617 6.5100  4,590  -56 
Aug 1519.5 46 182N 575 50 625 6.5517  4,678  -79 
Sep 1519.5 62 198N 581 50 631 6.5517  4,722  -62 
Feb 1318.25 45 151H 501 39 540 6.5517  4,051  -44 
Mar 1318.25 27 133H 494 39 533 6.5517  4,002  -31 
Soybean, Argentina May 1519.5 -15 140N 553 57 610 6.4827  4,518  -56 
Jun 1519.5 -10 145N 555 57 612 6.4965  4,541  -55 
Jul 1519.5 -5 150N 556 57 613 6.5100  4,563  -57 
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