# Panama Canal’s Simplified Tolls Structure Approved by Panama’s Cabinet Council - Autoridad del Canal de Panamá

> 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.

- Date: 2022-07-13 · published 2022-07-13T12:00:00.000Z
- Category: logistics · region Panama · magnitude low
- Page: https://feedsoft.ai/events/40382-panama-canal-s-simplified-tolls-structure-approved-by-panama-s-cabinet-council
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

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.

## Sources

- pancanal.com: https://pancanal.com/en/simplified-tolls-structure-approved/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.