Just in time for Thanksgiving, we will see a reduction in the cost of our favorite Butterball.  Over the years we became used to paying $50 for a 20 lb bird but this year we may see some relief on this and on a lot of other products.

Panama’s government has reduced import taxes on 42 food products in order to lower the price to consumers.

The list includes some products considered sensitive to Panamanian producers, such as cheese, coffee and tomatoes, whose tariffs fell from 30% to 10%.

“Also added to these are other foods of low production in Panama such as turkey, Jasmine rice, pancakes, popcorn, corn appetizer, goat milk and cheese, which registered sharp falls in tariffs”, reports panamaamerica.com.pa .

Additionally, 15% of the red bean tariff was removed, as well as a decrease from 30% to 10% on the tax paid for melted and mozzarella cheese.