Business
AGM Statement
AGM Statement.
About this update from R.e.a. Holdings Plc
[{"type":"text","content":"\n \nR.E.A. Holdings plc (RE.)R.E.A. Holdings plc: AGM Statement13-Jun-2017 / 10:15 GMT/BSTDissemination 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.\nR.E.A. Holdings plc (\"REA\" or the \"company\")\n\nAGM Statement \n\nAgricultural operationsCrops, production statistics and rainfall for the period from January to the end of May 2017 (with comparative figures for 2016) are set out below:\n\n \n 5 months to\n 5 months to\n  \n May-17\n May-16\n Crop (tonnes)\n  \n  \n Fresh Fruit Bunches (FFB) - Jan / Apr\n 160,000\n 160,000\n FFB - May\n 43,000\n 32,000\n  \n 203,000\n 192,000\n FFB external\n 44,000\n 42,000\n  \n 247,000\n 234,000\n Production (tonnes)\n  \n  \n Crude palm oil (CPO)\n 53,400\n 55,600\n Palm kernels\n 10,700\n 11,000\n Crude palm kernel oil (CPKO)\n 3,400\n 4,100*\n  \n  \n  \n Extraction rates (%)\n  \n  \n CPO - Jan / Apr\n 21.8\n 23.9\n CPO - May\n 22.9\n 23.7\n Palm kernels - Jan / Apr\n 4.4\n 4.8\n Palm kernels - May\n 4.4\n 4.6\n CPKO - Jan / Apr\n 38.2\n 30.4\n CPKO - May\n 38.0\n 36.7\n  \n  \n  \n Rainfall (mm)\n  \n  \n Jan / Apr\n 1,412\n 1,174\n May\n 314\n 240\n  \n 1,726\n 1,414\n \n \n\n* 2016 CPKO production includes CPKO from prior year kernel production.\n\nThe heavy rains in the final months of 2016 persisted into the initial months of 2017 but started to ease off in May. As a result, harvesting and transportation difficulties experienced at the end of 2016 continued into 2017 but the operating situation gradually improved over the period and there was a marked upturn in crop in May.\n\nMoving into the traditionally dryer period of the year, the programme to strengthen the group's road infrastructure can be accelerated. This will facilitate more efficient access to mature areas and evacuation of harvested crop to the group's mills, supporting the improving trend in production and extraction rates.\n\nMill extraction rates for 2017 to date reflect the harvesting and transportation difficulties but these are now on an improving trend as evidenced by the rates for May. To some degree, oil extraction rates in the first ...