M.P. Evans (GB:MPE) has released an update.
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M.P. Evans Group PLC, an Indonesian palm oil producer, acknowledges the Indonesian government’s decision to implement a new, lower export levy of 7.5% for crude palm oil, which is expected to decrease the costs for exporters. Despite the changes, the company does not anticipate a significant impact on their business but is staying vigilant regarding the pricing environment. They continue to report strong mill-gate prices, surpassing averages from earlier in the year.
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