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Cost of Importing Soybean in China--3/29/2021

2021-03-29 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 1400.5 81 250K 544 62 606 6.5591  4,545  -37 
Oct 1207.25 124 285X 489 59 548 6.6413  4,167  -20 
Nov 1207.25 109 270X 484 59 543 6.6413  4,126  -20 
Soybean,
US PNW
Mar 1400.5 147 245K 569 36 605 6.5591  4,532  -37 
Oct 1207.25 185 275X 512 33 545 6.6413  4,140  -20 
Nov 1207.25 170 260X 506 33 539 6.6413  4,099  -20 
Soybean,
 Brazil
Mar 1400.5 3 155K 516 56 572 6.5591  4,290  -37 
Apr 1400.5 -12 140K 510 56 566 6.5753  4,259  -37 
May 1400.5 -10 140K 511 55 566 6.5923  4,268  -37 
Jun 1391.25 16 160N 517 53 570 6.5923  4,299  -30 
Jul 1391.25 24 168N 520 53 573 6.6413  4,352  -36 
Aug 1391.25 36 180N 524 53 577 6.6413  4,385  -36 
Sep 1391.25 58 200N 532 52 584 6.6413  4,438  -35 
Soybean, Argentina May 1391.25 -11 155N 507 61 568 6.5923  4,285  -35 
Jun 1391.25 -4 162N 510 61 571 6.5923  4,304  -35 
Jul 1391.25 4 170N 513 61 574 6.6413  4,357  -36 
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