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

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

19-Jul-2022 / 08:07 GMT/BST
Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.

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

Further re selling prices

Further to the company's announcement on 20 June 2022 regarding selling prices for crude palm oil ("CPO") and crude palm kernel oil ("CPKO"), the Indonesian government has published a further change to the export regulations with a temporary waiver of the export levy effective from 15 July 2022 until 31 August 2022.

The export levy is due to be re-instated on 1 September 2022 with a top band tariff of $240 per tonne. Accordingly, the combined export levy and export duty applicable to CPO from 15 July to 31 August 2022 and from 1 September onwards are as set out below.

The immediate net effect of this change, which is intended to reduce local inventory levels, is a decrease in the combined export tariffs, payable at the current CPO reference price of $1,615 per tonne, to $288 per tonne compared with $488 per tonne payable since 14 June 2022.

CPO reference price (15 July – 31 August 2022)
From	To	Levy	Duty	Total	Net price*
$	$	$	$	$	$
-	750	0	-	0	750
751	800	0	3	3	797
801	850	0	18	18	832
851	900	0	33	33	867
901	950	0	52	52	898
951	1,000	0	74	74	926
1,001	1,050	0	124	124	926
1,051	1,100	0	148	148	952
1,101	1,150	0	178	178	972
1,151	1,200	0	201	201	999
1,201	1,250	0	220	220	1,030
1,251	1,300	0	240	240	1,060
1,301	1,350	0	250	250	1,100
1,351	1,400	0	260	260	1,140
1,401	1,450	0	270	270	1,180
1,451	1,500	0	280	280	1,220
1,501	1,550	0	288	288	1,262
*At top of band

CPO reference price (from 1 September
From	To	Levy	Duty	Total	Net price*
$	$	$	$	$	$
-	750	55	-	55	695
751	800	65	3	68	732
801	850	75	18	93	757
851	900	85	33	118	782
901	950	90	52	142	808
951	1,000	95	74	169	831
1,001	1,050	100	124	224	826
1,051	1,100	105	148	253	847
1,101	1,150	110	178	288	862
1,151	1,200	115	201	316	884
1,201	1,250	120	220	340	910
1,251	1,300	140	240	380	920
1,301	1,350	160	250	410	940
1,351	1,400	180	260	440