MP Evans’ interim crop and production update confirms that it has enjoyed a good interim period with crude palm oil (CPO) production similar to last year. Average mill gate prices have remained robust since the AGM a month ago and are +13% versus last year for 1H. Palm kernel prices are +71% higher. We upgrade our FY25 CPO price assumptions to US$800/tonne and include the benefit of the recent acquisition which completed in mid-July. Consequently, we upgrade our EPS (Dil. Adj.) forecasts by 14% ....
