Today is 04/13/2024

Cost of Importing Soybean in China--4/16/2021

2021-04-16 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 1418.25 91 245K 554 56.5 611 6.5335  4,562  17 
Oct 1269 131 275X 514 53 567 6.6034  4,286  28 
Nov 1269 116 260X 509 53 562 6.6034  4,245  28 
Soybean,
US PNW
Apr 1418.25 147 235K 575 32.5 608 6.5335  4,537  20 
Oct 1269 188 270X 535 30 565 6.6034  4,271  28 
Nov 1269 173 255X 530 30 560 6.6034  4,230  28 
Soybean,
 Brazil
Apr 1418.25 12 145K 525 49 574 6.5335  4,294 
May 1418.25 17 150K 527 49 576 6.5482  4,317 
Jun 1411 37 165N 532 47 579 6.5614  4,345  12 
Jul 1411 53 178N 538 46 584 6.5614  4,381 
Aug 1411 62 187N 541 46 587 6.6034  4,433  40 
Sep 1411 70 195N 544 46 590 6.6034  4,455  40 
Soybean, Argentina May 1411 0 150N 518 55 573 6.5482  4,295  18 
Jun 1411 10 160N 522 55 577 6.5614  4,331  17 
Jul 1411 15 165N 524 55 579 6.5614  4,345  18 
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