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Cost of Importing Soybean in China--4/2/2021

2021-04-02 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
May 1402 76 242K 543 61 604 6.5774  4,540  -93 
Oct 1263.75 125 275X 510 55 565 6.5774  4,254  22 
Nov 1263.75 120 270X 508 55 563 6.5774  4,240  22 
Soybean,
US PNW
May 1402 122 217K 560 35 595 6.5774  4,473  -91 
Oct 1263.75 177 267X 529 33 562 6.5774  4,233  23 
Nov 1263.75 170 260X 527 33 560 6.5774  4,214  23 
Soybean,
 Brazil
Apr 1402 -24 133K 506 54 560 6.5774  4,217  -120 
May 1402 -14 135K 510 54 564 6.5774  4,244  -98 
Jun 1396.75 16 165N 519 51 570 6.5774  4,289  -110 
Jul 1396.75 21 172N 521 51 572 6.5774  4,303  -109 
Aug 1396.75 34 178N 526 50 576 6.5774  4,331  -104 
Sep 1396.75 64 200N 537 50 587 6.5774  4,412  -82 
Soybean, Argentina May 1396.75 -5 158N 511 60 571 6.5774  4,299  -82 
Jun 1396.75 2 165N 514 60 574 6.5774  4,318  -82 
Jul 1396.75 7 170N 516 60 576 6.5774  4,332  -82 
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