M.P. Evans Group (AIM:MPE) said in an AGM trading statement that early‑year production and yields were stronger, with the update covering the five months to 31 May.
The Group said total crop harvested from areas it manages rose 10% to 575,100 tonnes, split 438,900 tonnes from group‑owned areas and 136,200 tonnes from associated smallholders, and purchases of third‑party crop were down 22% to 78,800 tonnes.
The Group reported total crop processed up 5% at 653,900 tonnes, an average oil‑extraction rate of 24.2% (2025 five months: 23.5%) and CPO production of 157,600 tonnes, up 8%, with 82% of CPO certified sustainable.
M.P. Evans said mill‑gate CPO prices averaged US$880 per tonne and palm kernel prices US$824 per tonne, and that it continues to sell domestically to Indonesian refiners with no significant pricing change since the May export announcement.
Management said production costs were broadly stable despite higher diesel and fertiliser costs, helped by renewable energy at mills, a weaker Indonesian rupiah and forward fertiliser purchasing, and it expects 2026 unit production costs to be similar to last year.
The Group said recently acquired East Kalimantan estates are yielding more, producing 46,700 tonnes in the first five months of 2026 after a 2024 first full‑year crop of 53,500 tonnes, and are expected to deliver a significantly higher crop for the full year.
