MP Evans’ interim crop and production update confirmed that it remained on track to achieve full-year forecasts. The tone is like the AGM statement: H1 CPO (Crude Palm Oil) production is +3% with higher yields and purchases from independent suppliers offsetting a lower harvest due to crop seasonality, which should reverse later in the year. CPO mill gate prices are -27% YTD, as expected, but have ticked up slightly in June. MP Evans’ share price is -16% YTD and seems to be following the CPO mill ....
