M P Evans gains after H1 crop, palm oil output increases
22/07/2026 09:58
BUZZ-M P Evans gains after H1 crop, palm oil output increases ** Shares of Indonesian palm oil producer M P Evans MPE.L rise over 4% to £17.60
** Co says H1 fresh fruit bunch crop harvested by areas it manages rose 14% to 705,400 tonnes from 619,100 tonnes a year earlier
** Crude palm oil production rose 11% to 192,300 tonnes
** Co says crop increases seen across almost all estates in the six months ended June 30, helped by yield from Bumi Mas areas acquired last year
** Brokerage Canaccord Genuity lifts target price to £19 from £17.50
** YTD, stock is up 43%
(Reporting by Neeshita Beura in Bengaluru)