ANNOUNCED AS TEMPORARYNo
On January 27, 2017, the Chilean Ministry of Treasury passed the Exempt Decree 11/2017 approving temporary discounts on the applicable import tariffs of several different sugar products. In the case of raw sugar, the applicable discount is USD 182.28 per tonne. For grade 1 and 2 refined sugar, the pertinent reduction is USD 277.46 per tonne, whereas, for grade 3 and 4 sugar and other subcategories, the established discount is USD 220.34 per tonne. The previously applicable discounts were USD 180.98, USD 276.08 and USD 219.02 per tonne respectively.
The objective of this decree is to establish a relative margin for internal prices to fluctuate in comparison to the international market.
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