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Cost of Importing Crude Soybean Oil in China--4/20/2021

2021-04-20 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 56.27 -0.06 -140K 1210 65 1275 10190
Jun 53.87 -0.37 -120N 1162 65 1227 9810
Jul 53.87 -0.37 -120N 1162 65 1227 9810
Aug/Sep 49.72 -0.29 -70U 1081 65 1146 9230
Oct/Nov/Dec 47.76 -0.08 0N 1053 65 1118 9060
 
SBO, Brazil May 56.27 -0.06 -70K 1225 65 1290 10300
Jun 53.87 -0.37 -110N 1164 65 1229 9830
Jul 53.87 -0.37 -100N 1166 65 1231 9840
Aug/Sep 49.72 -0.29 -40U 1088 65 1153 9280
Oct/Nov/Dec 47.76 -0.08 +20Z 1058 65 1123 9100
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.