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Cost of Importing Soybean in China--3/25/2021

2021-03-25 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 1432.75 79 250K 555 63 618 6.5493  4,627  33 
Oct 1228.25 122 285X 496 60 556 6.6298  4,219 
Nov 1228.25 107 270X 491 60 551 6.6298  4,178  -8 
Soybean,
US PNW
Mar 1432.75 144 245K 579 37 616 6.5493  4,612  33 
Oct 1228.25 185 275X 519 33 552 6.6298  4,190  -9 
Nov 1228.25 170 260X 514 33 547 6.6298  4,149  -22 
Soybean,
 Brazil
Mar 1432.75 -4 155K 525 58.5 583 6.5493  4,370  33 
Apr 1432.75 -19 140K 519 58.5 578 6.5653  4,340 
May 1432.75 -12 140K 522 56 578 6.5818  4,351 
Jun 1421 8 155N 525 54 579 6.5818  4,359  15 
Jul 1421 24 168N 531 53 584 6.6298  4,426  28 
Aug 1421 36 180N 535 53 588 6.6298  4,459  28 
Sep 1421 58 200N 543 52 595 6.6298  4,512  34 
Soybean, Argentina May 1421 -8 158N 519 61 580 6.5818  4,367  39 
Jun 1421 -6 160N 520 61 581 6.5818  4,372  39 
Jul 1421 1 167N 522 61 583 6.6298  4,423  33 
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