The formula is: [(CBOT soybean futures price+premium) *0.367437+ sea freight] * RMB-US dollar exchange rate *( 1+ import tariff rate) *( 1+ value-added tax rate)+100.
Where: 0.367437 is the coefficient for converting foreign futures quotations into USD/ton.
The discount is around 70 cents at present.
The sea freight is currently about 70 US dollars/ton.
The current exchange rate is about 6.83.
The import tariff rate is 3%
The VAT rate is 13%.
At present, the price of CBOT3 soybean in March is 950 cents/pu.
Friends can make their own calculations on this basis.
At present, the cost of imported soybeans is obviously superior to that of domestic soybeans. There are many participants in domestic soybean import trade, but all of them are conducted indirectly through some foreign agency companies.