IN BRIEF: REA to be broadly unaffected by crude palm oil restrictions
27th May 2022 21:54
REA Holdings PLC - London-based crude palm oil producer - On Thursday, notes the lifting of the temporary ban on exports of crude palm oil by the Indonesian government. Some restrictions on crude palm oil exports remain in place, however. REA says it sells crude palm oil to Indonesian refineries under long term sales contracts that are not affected by the export restrictions, but adds that the prices achieved are based on prevailing domestic market prices for crude palm oil which may be affected by the restrictions on exports. Read More