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MP Evans sees yields increase, though demand softens

The palm oil producer has made a generous income target for 2021
March 23, 2021

 

  • A prospective dividend of 30p in 2021
  • Faltering demand puts lid on palm oil recovery

Palm-oil producer MP Evans (MPE) managed to maintain uninterrupted production at its plantations throughout the year, though the impact of the pandemic was to lower global consumption and place a cap on the recovery of the palm oil price. This stood at an average of $716 for the year, though that was $150 higher than in 2019.

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