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Cost of Importing Soybean in China--2/24/2021

2021-02-24 www.mnk-9.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
Feb 1406 93 240H 551 54 605 6.4747  4,476  60 
Oct 1222 133 280X 498 54 552 6.5469  4,136  28 
Soybean,
US PNW
Feb 1406 137 221H 567 31 598 6.4747  4,426  60 
Oct 1222 176 260X 514 31 545 6.5469  4,083  28 
Soybean,
 Brazil
Feb 1406 85 210H 548 46 594 6.4747  4,396  60 
Mar 1406 43 168H 532 46 578 6.4895  4,294  50 
Apr 1408.5 32 160K 529 47 576 6.5031  4,287  40 
May 1408.5 34 162K 530 47 577 6.5469  4,321  41 
Jun 1394.5 37 165N 526 47 573 6.5469  4,291  34 
Jul 1394.5 47 175N 530 47 577 6.5469  4,318  21 
Soybean, Argentina May 1394.5 40 176N 527 50 577 6.5469  4,321  47 
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