All posts tagged: M.P

Production and hectarage on the up for Kent palm oil business M.P. Evans

Production and hectarage on the up for Kent palm oil business M.P. Evans

M.P. Evans Group, a Kent-based producer of sustainable Indonesian palm oil, has shared promising figures for the year ended 31st December 2023. Production of crude palm oil (CPO) was up 11 per cent from 2022 at 378,500 tonnes, while palm kernel production rose 9 per cent to 80,600 tonnes. The group enjoyed unusually high pricing for CPO in 2022 which has since flattened out to £575 per tonne, around 15 per cent lower than before. Visit Hampshire Biz News for bright, upbeat and positive business news from the county But this hasn’t dampened cash inflows, as the company was able to add another 10,000 planted hectares to its portfolio and pay out more than £22m in dividends over the past year. Peter Hadsley-Chaplin, chairman of M.P. Evans, said: “The group made another stride forward in 2023, with crop and production both increasing. “Importantly, following a period of significant investment, almost all crops are now processed in group milling facilities. “We’re starting to see the benefits in increasing extraction rates, and this will provide further support to what …