R.E.A. Holdings plc: Further re selling prices (1416729)
August 10 2022 - 2:00AM
UK Regulatory
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 USD70 per tonne the reference price bands at
which the duties are applied. The bands now range from USD680 to
USD1,430 per tonne, compared with the previous range of USD750 to
USD1,500 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 USD1,615 per tonne to USD872 per tonne. This
means that currently export duty is levied at the rate of USD52 per
tonne and no export levy is payable.
CPO reference price (9 - 31 August 2022)
From To Levy Duty Total Net price*
USD USD USD USD USD USD
- 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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August 10, 2022 02:00 ET (06:00 GMT)
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