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

R E A HoldingsAnnouncement

10/08/2022 07:15

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

   10-Aug-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 on 19 July 2022 regarding selling
   prices for crude palm oil ("CPO") and crude palm kernel oil ("CPKO"), the
   Indonesian government has published a revision of the export tariff
   structure and reference price calculation methodology effective from 9
   August 2022.

   The new structure maintains the same sliding scale of export duties, but
   reduces by $70 per tonne the reference price bands at which the duties are
   applied. The bands now range from $680 to $1,430 per tonne, compared with
   the previous range of $750 to $1,500 per tonne. The previously announced
   one-off export levy waiver remains in place until 31 August 2022. The
   rates of export levy and export duty that are currently in force are as
   set out below.

   Concurrently with this change, the methodology for calculating the
   reference price has been amended so that generally this will more closely
   reflect the Indonesian FOB price than hitherto.

   In conjunction with the above, the official government notional reference
   price at which the tariff structure is applicable has been reduced from
   $1,615 per tonne to $872 per tonne. This means that currently export duty
   is levied at the rate of $52 per tonne and no export levy is payable.

   CPO reference price (9 – 31 August 2022)
      From      To Levy Duty Total   Net price*
         $       $    $    $     $            $
         -     680    0    -     0          680
       681     730    0    3     3          727
       731     780    0   18    18          762
       781     830    0   33    33          797
       831     880    0   52    52          828
       881     930    0   74    74          856
       931     980    0  124   124          856
       981   1,030    0  148   148          882
     1,031   1,080    0  178   178          902
     1,081   1,130    0  201   201          929
     1,131   1,180    0  220   220          960
     1,181   1,230    0  240   240          990
     1,231   1,280    0  250   250        1,030
     1,281   1,330    0  260   260        1,070
     1,331   1,380    0  270   270        1,110
     1,381   1,430    0  280   280        1,150
     1,431   1,480    0  288   288        1,192
   *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.:  180277
   EQS News ID:   1416729


    
   End of Announcement EQS News Service

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