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Pakistan's Customs Valuation Directorate revised the customs values for feed-grade meat and bone meal imported from Brazil, adding Brazil to a reference list that previously covered only Paraguay, Oman and Kuwait. The new reference value is $360 per tonne, within a range of $275-570.
Importers argued the old values were too high relative to international prices.
Higher official import values raise the duty base and may reduce Brazilian MBM import volumes into Pakistan, slightly weakening Brazilian export demand.
brecorder.comSohail SarfrazDec 16, 2024Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
