M.P. Evans’ AGM trading statement revealed it has enjoyed a good start to the year with crude palm oil (CPO) production similar to last year. Average YTD mill-gate prices are running 14% ahead and palm kernel prices an eye-catching 92% ahead of our forecast assumptions. We are upgrading our FY25 EPS (dil. adj.) forecast by 16% to 164c from 141.3c. We leave our CPO price assumptions unchanged ahead of the important summer cropping season and assume the palm kernel increase is a temporary spike. W ....
