M. P. Evans Group PLC Crop and production update (5666F)
19 July 2021 - 4:00PM
UK Regulatory
TIDMMPE
RNS Number : 5666F
M. P. Evans Group PLC
19 July 2021
M. P. EVANS GROUP PLC
("THE GROUP")
2021 H1 crop and production
The Group is pleased to announce the following crop and
production information for the six months ended 30 June 2021.
H1 2021 Increase H1 2020
Tonnes % Tonnes
Crop of fresh fruit bunches
("ffb")
Own crop 413,200 24 334,100
Scheme smallholder crop 120,900 43 84,600
Independent smallholder crop 168,200 28 130,900
--------- --------- --------
702,300 28 549,600
========= ========= ========
Production*
Crude palm oil ("CPO") 161,400 29 124,800
Palm kernels ("PK") 34,700 25 27,800
========= ========= ========
*- figures include production from the Group's crop sold to
third-party mills.
Crop and production continued to increase in the first half of
2021. Particularly notable were the doubling of crop at Musi Rawas
as the palms mature at that developing estate, and a 72% increase
at Bangka as crops recovered from a period of low rainfall that had
affected production in 2020. All estates and mills have operated
without interruption during the period, with appropriate Covid-19
safety measures in place.
In the period to the end of June 2021, the Group realised an
average price at mill gate of US$724 per tonne compared with US$541
in the first half of 2020, an increase of 34%. Prices for palm
kernels averaged US$491 per tonne (mill gate), higher than the
US$298 per tonne in 2020.
Considering the reported crop growth, combined with the increase
in CPO prices, it remains the board's intention to recommend a
total dividend of 30 pence per share in respect of 2021, as
indicated in the 2020 annual report.
Enquiries:
M.P. Evans Group PLC Telephone: +44 (0) 1892 516333
Peter Hadsley-Chaplin, executive chairman
Matthew Coulson, finance director
Peel Hunt LLP Telephone: +44 (0) 20 7418 8900
Dan Webster
Andrew Clark
finnCap Telephone: +44 (0) 20 7220 0500
Tim Redfern
Chris Raggett
Hudson Sandler Telephone: +44 (0) 20 7796 4133
Charlie Jack
Elfie Kent
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
DRLFLFESDFIRLIL
(END) Dow Jones Newswires
July 19, 2021 02:00 ET (06:00 GMT)
M.p. Evans (LSE:MPE)
Historical Stock Chart
From Apr 2024 to May 2024
M.p. Evans (LSE:MPE)
Historical Stock Chart
From May 2023 to May 2024