R.E.A. Holdings plc: Further re selling prices (1361661)
May 26 2022 - 2:00AM
UK Regulatory
R.E.A. Holdings plc (RE.) R.E.A. Holdings plc: Further re
selling prices 26-May-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
Following the company's announcement in March 2022 regarding
selling prices for crude palm oil ("CPO") and crude palm kernel oil
("CPKO"), the Indonesian government introduced a temporary ban on
exports of CPO with effect from 28 April 2022. The ban has now been
lifted with effect from 23 May 2022, although some restrictions on
CPO exports remain in place with the re-introduction of a domestic
market obligation designed to procure that CPO is sold in the local
market in sufficient volumes and on a price basis that supports the
local availability of cooking oil at an affordable price. Subject
to demonstrating compliance with the domestic market obligation,
CPO producers and traders may apply for permits to export CPO and
CPO products, although the precise arrangements for the issue of
permits are still to be clarified.
REA sells CPO to Indonesian refineries under long term sales
contracts that are not affected by export restrictions, but the
prices achieved are based on prevailing domestic market prices for
CPO which may be affected by the restrictions on exports.
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.: 164183
EQS News ID: 1361661
End of Announcement EQS News Service
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May 26, 2022 02:00 ET (06:00 GMT)
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