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

R E A HoldingsAnnouncement

21/06/2022 07:15

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

   21-Jun-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

   Further to the company's announcement yesterday (20 June 2022) regarding
   selling prices for crude palm oil ("CPO") and crude palm kernel oil
   ("CPKO"), the Indonesian government has published two revised scales of
   export levy, the first effective from 14 June to 31 July 2002 and the
   second from 1 August 2022.

   This means that combined export levy and export duty applicable to CPO
   going forward are as set out below.  The combined tariffs for the period
   14 June to 31 July 2022 are stated before the additional duty of $200 per
   tonne that is payable until 31 July 2022 by exporters of CPO electing for
   waiver of compliance with the domestic market obligation (“DMO”) rules.

   The net effect of the previously announced increases in export duty and
   the now announced changes in export levy is that the combined export
   tariffs payable at the current CPO reference price of $1,700 per tonne
   will be $488 per tonne (before DMO waiver duty) until 31 July 2022 and
   thereafter $528 per tonne, reductions of, respectively $87 and $47 per
   tonne, on the combined tariffs payable before the recent changes covered
   by the company’s announcements of yesterday and today.

   CPO reference price (14 June – 31 July)                    
                  From                  To Levy Duty Total   Net price*
                     $                   $    $    $     $            $
                     -                 750   55    -    55          695
                   751                 800   75    3    78          722
                   801                 850   95   18   113          737
                   851                 900  115   33   148          752
                   901                 950  135   52   187          763
                   951               1,000  145   74   219          781
                 1,001               1,050  150  124   274          776
                 1,051               1,100  155  148   303          797
                 1,101               1,150  160  178   338          812
                 1,151               1,200  165  201   366          834
                 1,201               1,250  170  220   390          860
                 1,251               1,300  175  240   415          885
                 1,301               1,350  180  250   430          920
                 1,351               1,400  185  260   445          955
                 1,401               1,450  190  270   460          990
                 1,451               1,500  195  280   475        1,025
                 1,501               1,550  200  288   488        1,062
   *At top of band                                            

    

   CPO reference price (1 August onwards)                    
                  From                 To Levy Duty Total   Net price*
                     $                  $    $    $     $            $
                     -                750   55    -    55          695
                   751                800   75    3    78          722
                   801                850   95   18   113          737
                   851                900  115   33   148          752
                   901                950  135   52   187          763
                   951              1,000  150   74   224          776
                 1,001              1,050  165  124   289          761
                 1,051              1,100  180  148   328          772
                 1,101              1,150  190  178   368          782
                 1,151              1,200  200  201   401          799
                 1,201              1,250  210  220   430          820
                 1,251              1,300  215  240   455          845
                 1,301              1,350  220  250   470          880
                 1,351              1,400  225  260   485          915
                 1,401              1,450  230  270   500          950
                 1,451              1,500  235  280   515          985
                 1,501              1,550  240  288   528        1,022
   *At top of band                                           

    

   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.:  169538
   EQS News ID:   1379681


    
   End of Announcement EQS News Service

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