Peru Establishes Reference Prices and Variable Tariffs for Milk Imports

The Peruvian Ministry of Economy and Finance (MEF) announced new updates to the tariffs applied to the importation of milk powder, maize, rice, and sugar. These updates include setting reference prices and imposing variable tariffs as a mechanism to stabilize the import flow of these key agricultural commodities.

The decision to adjust these tariffs is part of a broader strategy to protect local producers from price fluctuations and competitive pressures from international markets. By setting reference prices, the government aims to ensure that imported goods do not undercut local products, thereby supporting domestic agriculture.

The new measures specifically affect the importation of milk powder, a significant component of Peru's dairy industry. The MEF's updates are designed to create a more level playing field for local dairy farmers, who have faced challenges due to the influx of cheaper imported milk products.

In addition to milk, the tariffs on maize, rice, and sugar are also part of the revised scheme. These commodities are crucial for Peru's agricultural sector, and the government is keen to maintain a balance between imports and local production.

The MEF has not disclosed specific figures for the updated tariffs, but the overall goal is to protect the domestic market while ensuring the availability of these essential goods. The implementation date of these changes has been confirmed as January 23, 2026.