Full Year Results 

MP Evans impacted by price fundamentals

MP Evans impacted by price fundamentals

MP Evans (MPE) reported "record production” of crude palm oil during 2018, up 25 per cent to 192,500 tonnes. Other palm oil companies, along with producers of substitutable vegetable oils, also saw a surge in yields in the second half, resulting in a 16 per cent fall in the average price to $598 (£458) per tonne. Chief executive Tristan Price expects a recovery in the price during the current financial year due to underlying demand trends, although the March price – admittedly well in advance of November's low point – was still 13 per cent adrift of the 2018 average.

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