ANNOUNCED AS TEMPORARYYes
On June 15, 2011, the Chilean Ministry of Public Finance passed the Exempt Decree 554 to establish applicable discounts on customs duties on wheat and wheat or meslin flour for a two-month period starting on June 16, 2011. The new law established different reductions on customs duties. The applicable discounts were USD 181.10 per tonne of wheat and USD 282.52 per tonne of wheat or meslin flour. Previously, there were no applicable discounts.
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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