Lifting of Indonesian palm oil export ban

RNS Number : 4187M
M. P. Evans Group PLC
23 May 2022
 

M.P. EVANS GROUP PLC

("the Group" or "M.P.Evans")

 

INDONESIAN GOVERNMENT ANNOUNCES LIFTING OF RESTRICTIONS ON PALM OIL EXPORTS

M.P.Evans Group PLC, a producer of sustainable Indonesian palm oil, notes the announcement made on 19 May by the Indonesian government to remove the palm oil export ban with effect from 23 May.

 

The Indonesian government introduced a temporary ban effective from 28 April. However, the Group has continued to harvest at all its estates and operations at its palm-oil mills have continued without interruption since the introduction of the ban. Some dispatches to local refiners have taken place over the last three weeks, and the Group expects a full programme of tenders and sales to resume.

 

The directors will continue to monitor the situation and will provide further updates if required.

 

 

 

23 May 2022

 

 

 

Enquiries:

M.P. Evans Group PLC

Telephone: 01892 516333

Peter Hadsley-Chaplin - chairman


Matthew Coulson - chief executive




Peel Hunt LLP (Nomad and joint broker)

Telephone: 020 7418 8900

Dan Webster


Andrew Clark


Lalit Bose




finnCap (Joint broker)

Telephone: 020 7220 0500

Tim Redfern


Harriet Ward




Hudson Sandler (Financial PR)

Telephone:  020 7796 4133

Charlie Jack


Elfie Kent


 

 

 

 

 

 

 

 

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