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M. P. Evans Group PLC announced its crop and production information for the six months ended 30 June 2025. Group harvested fresh fruit bunches increased by 9% to 619,100 tonnes, but total fresh fruit bunches, including independent purchases, decreased by 3% to 737,700 tonnes compared to H1 2024. Crude palm oil production decreased 2% to 172,800 tonnes and palm kernel production decreased 3% to 37,900 tonnes, while average crude palm oil prices increased 13% to US$868 per tonne and palm kernel prices rose 71% to US$747 per tonne.
| Date | 24 Jul 2025 |
| Time | 07:00:02 |
| Category | Corporate updates |
| ID | 2948S |
M. P. EVANS GROUP PLC
("THE GROUP")
2025 H1 crop and production
M.P. Evans Group PLC, a producer of sustainable Indonesian palm oil, is pleased to announce the following crop and production information for the six months ended 30 June 2025.
|
|
H1 2025 |
Increase/ (decrease) |
H1 2024 |
|
|
Tonnes |
% |
Tonnes |
|
Crop of fresh fruit bunches ("ffb") |
|
|
|
|
Own crops |
473,700 |
8 |
437,900 |
|
Scheme-smallholder crops |
145,400 |
13 |
128,300 |
|
Group harvested |
619,100 |
9 |
566,200 |
|
Independent crops purchased |
118,600 |
(39) |
193,500 |
|
|
737,700 |
(3) |
759,700 |
|
|
|
|
|
|
Production* |
|
|
|
|
Crude palm oil ("CPO") |
172,800 |
(2) |
177,000 |
|
Palm kernels ("PK") |
37,900 |
(3) |
39,200 |
*- figures include production from the Group's crop sold to third-party mills.
The total crop of ffb harvested by the Group in the first half of 2025 from the areas managed by it was 619,100 tonnes, 9% higher than in the same part of 2024. Crops recovered well, particularly in the early part of the year, from the lower levels observed in the second half of 2024, caused by earlier dry weather. The Group continues to supplement the crop that it harvests by purchasing additional amounts for processing in its mills. However, it has deliberately been restricting the total amount of outside purchases to manage carefully both the cost and quality of mill inputs. As a result, the Group continues to achieve strong extraction rates for both CPO and PK.
In the period to the end of June 2025, the Group realised an average CPO price at mill gate of US$868 per tonne compared with US$771 in the first half of 2024, an increase of 13%. Prices for PK averaged US$747 per tonne (mill gate), 71% higher than the US$437 per tonne in 2024.
Enquiries:
|
M.P. Evans Group PLC |
Telephone: +44 (0) 1892 516333 |
Peter Hadsley-Chaplin, chairman
Matthew Coulson, chief executive
Luke Shaw, chief financial officer
|
Cavendish Capital Markets (Nomad and broker) |
Telephone: +44 (0) 20 7220 0500 |
Matt Goode, George Lawson (Corporate Finance)
Tim Redfern, Harriet Ward (ECM)
|
Hudson Sandler (Financial PR) |
Telephone: +44 (0) 20 7796 4133 |
Charlie Jack, Nick Moore, Francesca Rosser