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Cost of Importing Soybean in China--3/19/2021

2021-03-19 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
Mar 1392.25 92 250K 545 58 603 6.5259  4,500  -17 
Oct 1206.25 135 285X 493 55 548 6.6080  4,144  -52 
Nov 1206.25 125 275X 489 55 544 6.6080  4,117  -65 
Soybean,
US PNW
Mar 1392.25 147 240K 566 34 600 6.5259  4,472  -30 
Oct 1206.25 191 275X 513 31 544 6.6080  4,118  -51 
Nov 1206.25 186 270X 512 31 543 6.6080  4,105  -56 
Soybean,
 Brazil
Mar 1392.25 10 150K 515 51.5 567 6.5259  4,232  -70 
Apr 1392.25 5 145K 513 51.5 565 6.5433  4,229  -57 
May 1392.25 7 143K 514 50 564 6.5590  4,234  -48 
Jun 1380.5 25 158N 516 49 565 6.5590  4,243  -47 
Jul 1380.5 42 170N 523 47 570 6.6080  4,306  -56 
Aug 1380.5 52 180N 526 47 573 6.6080  4,333  -57 
Sep 1380.5 72 200N 534 47 581 6.6080  4,388  -56 
Soybean, Argentina May 1380.5 0 150N 507 55 562 6.5590  4,220  -57 
Jun 1380.5 3 153N 508 55 563 6.5590  4,228  -57 
Jul 1380.5 15 165N 513 55 568 6.6080  4,292  -56 
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