MP Evans monitors Indonesia palm oil export changes

MP Evans Group PLC (AIM:MPE), the AIM-listed sustainable palm oil producer, said proposed changes to Indonesian crude palm oil export rules announced by President Prabowo Subianto would have no direct impact on the group, as all of its output is sold locally within Indonesia.

The company said there may be some indirect effect as domestic prices adjust to reflect new arrangements, but added that detailed implementing regulations have not yet been published.

The board said it remains confident in the long-term fundamentals of the Indonesian palm oil sector.