Company Announcements

Indonesian palm oil export ban update

Source: RNS
RNS Number : 7777J
M. P. Evans Group PLC
29 April 2022


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



M.P.Evans Group PLC, a producer of sustainable Indonesian palm oil, notes the updated announcement made on 27 April by the Indonesian government of plans temporarily to ban exports of palm oil, including both crude palm oil and refined products, effective from 28 April, to protect domestic supply. Local demand for palm oil is expected to increase significantly for a short time over the Lebaran festival period, celebrated over the next seven to ten days.


The Indonesian government last month introduced a revised export levy to subsidise local supplies as global supplies of vegetable oil have been limited. Indonesia is the world's largest producer of palm oil and a significant consumer, accounting for 59% of global supply and 22% of global consumption in 2021.


Management continues to monitor the situation closely and awaits clarity from the Indonesian government regarding the length of the export ban and extent of its impact on the domestic market. The Company will provide further updates as appropriate.




29 April 2022





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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