REG-R.E.A. Holdings plc R.E.A. Holdings plc: Further re selling prices

R E A HoldingsAnnouncement

26/05/2022 07:15

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   R.E.A. Holdings plc (RE.)
   R.E.A. Holdings plc: Further re selling prices

   26-May-2022 / 07:00 GMT/BST
   Dissemination of a Regulatory Announcement, transmitted by EQS Group.
   The issuer is solely responsible for the content of this announcement.

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   R.E.A. Holdings plc ("REA" or the "company")

   Further re selling prices

   Following the company’s announcement in March 2022 regarding selling
   prices for crude palm oil (“CPO”) and crude palm kernel oil (“CPKO”), the
   Indonesian government introduced a temporary ban on exports of CPO with
   effect from 28 April 2022. The ban has now been lifted with effect from 23
   May 2022, although some restrictions on CPO exports remain in place with
   the re-introduction of a domestic market obligation designed to procure
   that CPO is sold in the local market in sufficient volumes and on a price
   basis that supports the local availability of cooking oil at an affordable
   price. Subject to demonstrating compliance with the domestic market
   obligation, CPO producers and traders may apply for permits to export CPO
   and CPO products, although the precise arrangements for the issue of
   permits are still to be clarified.

   REA sells CPO to Indonesian refineries under long term sales contracts
   that are not affected by export restrictions, but the prices achieved are
   based on prevailing domestic market prices for CPO which may be affected
   by the restrictions on exports.

   Enquiries:

   R.E.A Holdings plc

   Tel: 020 7436 7877

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   ISIN:          GB0002349065
   Category Code: MSCM
   TIDM:          RE.
   LEI Code:      213800YXL94R94RYG150
   Sequence No.:  164183
   EQS News ID:   1361661


    
   End of Announcement EQS News Service

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