MP Evans Annual Palm Oil Output In Indonesia Rises By Over 20%

Thu, 09th Jan 2020 10:57

(Alliance News) - Indonesia-focused palm oil producer MP Evans Group PLC said Thursday 2019 crop and production both rose from the year before.

For 2019, MP Evans generated a crop of fresh fruit bunches of 1.0 million tonnes, up 21% from 829,100 tonnes the prior year. This was helped by a 16% rise in the company's own crop to 663,300 tonnes.

Overall, crude palm oil production rose by 20% to 231,000 tonnes. Palm kernel production grew by 22% year-on-year to 53,000 tonnes.

Shares in MP Evans, which is based in Kent, were down 0.4% at 708.0 pence on Thursday in London.

By Dayo Laniyan; dayolaniyan@alliancenews.com

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