Export market for Rice in Peru (11월, 2022)

The Ministry of Economy and Finance (MEF) of Peru has set the reference prices and additional variable duties for imports of corn, sugar, rice, and milk whole powder. The reference price for corn is 365 dollars per MT, with an additional variable duty of -123 dollars. Sugar's reference price is 539 dollars per MT, with an additional variable duty of -99 dollars. Rice's reference price is 545 dollars, with additional variable duties of 47 dollars for paddy rice and 67 dollars for milled rice. The reference price for whole milk powder is 4,733 dollars per MT, with a payment for additional variable duty of -325 dollars. This policy is known as the Price Band and is used to stabilize import costs and domestic prices of these agricultural products.