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
Considering the reported crop growth, combined with the increase in CPO prices, it remains the board's intention to recommend a total dividend of
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