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Panama's Cabinet Council approved the Panama Canal Board's simplified tolls structure, which cuts the number of tariffs from 430 to fewer than 60. The new value-based pricing offers three years of price predictability for customers.
The proposal was issued in April 2022 and revised after a consultation with 17 parties.
Predictable canal tolls reduce uncertainty in shipping costs for US Gulf and South American grain and oilseed exports bound for Asia. The overall rate impact on bulk cargoes appears limited.
pancanal.comLeon KadochJul 13, 2022Not 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.
