ANNOUNCED AS TEMPORARYYes
On June 15, 2017, the Chilean Ministry of Public Finance passed the Exempt Decree 234 establishing new applicable discounts on customs duties on wheat and wheat or meslin flour for a two-month period starting on June 16, 2017. The new law established different reductions on the ad valorem customs duties. The applicable discounts are USD 48.43 per tonne of wheat and USD 75.55 per tonne of wheat or meslin flour. The previously applicable discounts were USD 57.62 and USD 89.89 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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