12th Jun 2026 11:54
(Alliance News) - MP Evans Group PLC on Friday said its crop harvest increased in the first five months of the year.
The Tunbridge Wells, England-based company, which produces palm oil in Indonesia, was holding its annual general meeting on Friday.
Total crop harvested in group-managed areas was up 10% to 575,100 tonnes in the first five months of 2026 from 521,400 a year prior, MP Evans said.
The oil-extraction rate in its mills rose to an average of 24.2% from 23.5%.
Crude palm oil production was up 8.4% to 157,600 tonnes from 145,400.
"As a result of ongoing conflict in the Middle East, pricing for mineral oil and other raw materials has increased around the world," MP Evans said.
"The group has experienced some cost increases during the year, particularly for diesel used for transportation and for fertiliser applied to the group's palms. However, fuel price increases have been mitigated to some extent by a weakening Indonesian rupiah during the period and by the group's ability to generate a significant amount of renewable energy at its palm-oil mills."
MP Evans shares were up 1.2% to 1,521.41 pence each midday Friday in London.
By Tom Budszus, Alliance News slot editor
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