Today is 04/13/2024

Cost of Importing Soybean in China--4/19/2021

2021-04-19 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 1433.25 90 245K 560 57 617 6.5210  4,595  33 
Oct 1274 131 275X 516 53 569 6.5917  4,292 
Nov 1274 116 260X 511 53 564 6.5917  4,252 
Soybean,
US PNW
Apr 1433.25 147 235K 581 32.5 613 6.5210  4,568  31 
Oct 1274 185 267X 536 30 566 6.5917  4,269  -2 
Nov 1274 173 255X 532 30 562 6.5917  4,236 
Soybean,
 Brazil
Apr 1433.25 7 140K 529 49 578 6.5210  4,313  19 
May 1433.25 12 145K 531 49 580 6.5358  4,336  19 
Jun 1422.5 32 160N 534 47 581 6.5494  4,355  10 
Jul 1422.5 50 175N 541 46 587 6.5494  4,396  15 
Aug 1422.5 62 187N 545 46 591 6.5917  4,457  24 
Sep 1422.5 70 195N 548 46 594 6.5917  4,478  23 
Feb 1246.5 43 138H 474 35 509 6.5917  3,845   
Soybean, Argentina May 1422.5 2 150N 523 55 578 6.5358  4,324  29 
Jun 1422.5 12 160N 527 55 582 6.5494  4,360  29 
Jul 1422.5 15 165N 528 55 583 6.5494  4,368  23 
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