Today is 03/12/2023

Cost of Importing Soybean in China--3/23/2021

2021-03-23 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 1417.5 79 250K 550 63 613 6.5206  4,566 
Oct 1216 127 290X 493 60 553 6.6005  4,181  -1 
Nov 1216 117 280X 490 60 550 6.6005  4,154 
Soybean,
US PNW
Mar 1417.5 144 245K 574 37 611 6.5206  4,551  13 
Oct 1216 195 285X 518 33 551 6.6005  4,166  12 
Nov 1216 185 275X 515 33 548 6.6005  4,139  -1 
Soybean,
 Brazil
Mar 1417.5 -4 155K 519 58.5 578 6.5206  4,310  13 
Apr 1417.5 -9 150K 517 58.5 576 6.5352  4,306  12 
May 1417.5 -2 150K 520 56 576 6.5510  4,317  21 
Jun 1404 13 160N 521 54 575 6.5510  4,306 
Jul 1404 26 170N 525 53 578 6.6005  4,366 
Aug 1404 38 182N 530 53 583 6.6005  4,399 
Sep 1404 58 200N 537 52 589 6.6005  4,446  -2 
Soybean, Argentina May 1404 -10 156N 512 61 573 6.5510  4,295 
Jun 1404 -8 158N 513 61 574 6.5510  4,301  -1 
Jul 1404 1 167N 516 61 577 6.6005  4,357 
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