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: [phone]
Peter Hadsley-Chaplin - chairman
Matthew Coulson - chief executive
Peel Hunt LLP (Nomad and joint broker)	Telephone: [phone]
Dan Webster
Andrew Clark
Lalit Bose
finnCap (Joint broker)	Telephone: [phone]
Tim Redfern
Harriet Ward
Hudson Sandler (Financial PR)	Telephone:  [phone]
Charlie Jack
Elfie Kent

 

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