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

R E A HoldingsAnnouncement

30/06/2021 11:50

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

   30-Jun-2021 / 11:45 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 update on selling prices

   Further to the company's announcement in December 2020 regarding the
   impact of Indonesian export duty and export levy at different reference
   prices on selling prices for CPO and CPKO, the Indonesian government has
   published a change to the structure of  export levy and duty with effect
   from 1 July 2021. 

   Export duty is a tax payable to the Indonesian government and export levy
   is payable to a dedicated fund that utilises levy income to subsidise the
   manufacture of biodiesel from CPO and to support other measures designed
   to benefit the growing of oil palms in Indonesia.  Both export duty and
   export levy are calculated on sliding scales (as shown in the table below)
   by reference to a CPO reference price that is set periodically by the
   Indonesian government on the basis of CIF Rotterdam and other recognised
   benchmark CPO prices.  The CPO reference price is expected to be revised
   to $1,094 per tonne in July.

   REA generally sells CPO in the Indonesian local market which is not
   subject to export duty or export levy.  However, arbitrage between the
   Indonesian local and international CPO markets normally results in a local
   price that is broadly in line with prevailing international prices after
   adjustment of the latter for delivery costs and export duty and levy. 

    
   CPO: combined export levy and export duty applicable from 2 July 2021

   CPO reference price                                
        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   155    74    229          771
       1,001     1,050   175    93    268          782
       1,051     1,100   175   116    291          809
       1,101     1,150   175   144    319          831
       1,151     1,200   175   166    341          859
       1,201     1,250   175   183    358          892
       1,251     1,300   175   200    375          925
   *At top of band                           

    

   CPO: combined export levy and export duty applicable from 10 December 2020
   to 1 July 2021

   CPO reference price                                
        From        To  Levy  Duty  Total   Net price*
           $         $     $     $      $            $
           -       670    55     -     55          615
         670       695    60     -     60          635
         695       720    75     -     75          645
         720       745    90     -     90          655
         745       750   105     -    105          645
         751       770   105     3    108          662
         770       795   120     3    123          672
         795       800   135     3    138          662
         801       820   135    18    153          667
         820       845   150    18    168          677
         845       850   165    18    183          667
         851       870   165    33    198          672
         870       895   180    33    213          682
         895       900   195    33    228          672
         901       920   195    52    247          673
         920       945   210    52    262          683
         945       950   225    52    277          673
         951       970   225    74    299          671
         970       995   240    74    314          681
         995     1,000   255    74    329          671
       1,001     1,050   255    93    348          702
       1,051     1,100   255   116    371          729
       1,101     1,150   255   144    399          751
       1,151     1,200   255   166    421          779
       1,201     1,250   255   183    438          812
       1,251     1,300   255   200    455          845
   *At top of band                           

    

   Enquiries:

   R.E.A. Holdings plc
   Tel: 020 7436 7877

    

    

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   ISIN:          GB0002349065
   Category Code: FUR - .
   TIDM:          RE.
   LEI Code:      213800YXL94R94RYG150
   Sequence No.:  114635
   EQS News ID:   1213824


    
   End of Announcement EQS News Service

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