MP Evans says palm oil prices 'robust' in 2026 after 5% rise in 2025
MP Evans Group PLC on Thursday said crude palm oil production fell slightly in 2025, but pricing remained supportive, with early 2026 prices described as robust.
The Tunbridge Wells, England-based producer of Indonesian crude palm oil said crude palm oil output declined 3.1% to 360,800 tonnes in 2025 from 372,200 tonnes in 2024. Palm kernel production similarly fell 3.0% to 78,900 tonnes from 81,300 tonnes.
Shares in the company were 4.0% higher at 1,300.00 pence in London on Thursday afternoon. They are up 29% over the past 12 months.
The total fresh fruit bunch crop fell 4.4% to 1.54 million tonnes from 1.61 million tonnes, reflecting a deliberate reduction in lower-margin independent crop purchases, which were down 41% from 2024, MP Evans said.
This offset higher production from the group’s own estates, where the harvested crop rose 8.0%, and from scheme smallholders, up 5.0%.
Despite the lower output, MP Evans benefited from stronger pricing. The average mill-gate price for crude palm oil rose 5.2% to $866 per tonne in 2025 from $823 in 2024. Palm kernel prices climbed 42% to $748 per tonne from $525.
Pricing in early 2026 remains ‘robust’, the company said, with crude palm oil currently being tendered at around $850 per tonne.
The high-price environment supported revenue and profitability during 2025, MP Evans said, while flooding at its Simpang Kiri estate in Aceh did not have a material impact on production or costs for the year, following remedial work.
Chair Peter Hadsley-Chaplin said the company delivered ‘impressive operational results’ in 2025.
‘Along with a supportive price environment, the group will deliver excellent results for 2025, ensuring that, as a responsible palm-oil producer focused on excellence, it can continue to pursue its strategic priorities of continuing growth and an increasing yield.’
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