MP Evans Group PLC (AIM:MPE) increased crude palm oil production by 11% to 192,300 tonnes in the first half of 2026, supported by higher harvests across almost all its Indonesian estates and contributions from the recently acquired Bumi Mas areas.
Fresh fruit bunches harvested from group-managed land rose 14% to 705,400 tonnes. Own crops increased 13% to 537,500 tonnes, while scheme-smallholder crops advanced 15% to 167,900 tonnes. Excluding Bumi Mas, the group’s own harvest was up 9%.
Independent crop purchases fell 22% to 92,800 tonnes as growing internal harvests reduced the need for third-party supplies, benefiting the cost and quality of material processed through its mills. Palm-kernel production also rose 11% to 42,100 tonnes.
Pricing remained firm, with M.P. Evans realising an average mill-gate crude palm oil price of US$873 per tonne, compared with US$868 a year earlier. Average palm-kernel prices climbed 9% to US$813 per tonne.
In afternoon trading, the shares were up 6.2% at 1,798p.
Broker Cavendish said: "Evans’s share price has now recovered just over half of its loss following the Indonesian government announcements of 20 May, helped by a resumption of the share buyback programme, and we expect further progress as the detail concerning commodity exports becomes evident."
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