ANNOUNCED AS TEMPORARYYes
On 14 June 2018, the Chilean Ministry of Public Finance passed the Exempt Decree 172/2018 establishing new applicable discounts on customs duties on wheat and wheat or meslin flour for a two-month period starting on 16 June 2018. The new law established different reductions on the ad valorem customs duties. The new applicable discounts decreased from USD 98.05 to USD 95.93 per tonne of wheat and from USD 152.96 to USD 149.65 per tonne of wheat or meslin flour.
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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