date:Jul 09, 2018
taxes that will fall marginally to 24% this year.
That makes the cost of buying US beans FOB US Gulf, shipping them to Argentina and unloading them in the port complex costly, as freight is expected to be around $30-35/mt from the US Gulf.
That means that US Gulf prices would need to be at least $125/mt cheaper than Argentina FOB prices for the economics to work.
If US beans were that cheap relative to non-US beans, it may make more sense for Chinese crushers to pay the tax.
That said, Argen