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
960
1,401
1,450
200
270
470
980
1,451
1,500
220
280
500
1,000
1,501
1,550
240
288
528
1,022
*At top of band
Enquiries:
R.E.A Holdings plc
Tel: 020 7436 7877
ISIN: GB0002349065 Category Code: MSCM TIDM: RE. LEI Code: 213800YXL94R94RYG150 Sequence No.: 175487 EQS News ID: 1400519
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