Business / Finance

MIDAS SHARE TIPS UPDATE: Palm oil producer offers sustainable return

Logo Daily MailDaily Mail
2023-03-25 21:52:48  • 2 mins

Midas has been a long-term fan of MP Evans, an Indonesian palm oil producer that it first tipped in 2011.

Palm oil is used in everything from biscuits to shampoo and is the world's most versatile vegetable oil. Demand for palm oil is increasing faster than that of any other vegetable oil, despite concerns over deforestation and the loss of orangutan habitats when palm oil plantations are introduced.

MP Evans chairman Peter Hadsley-Chaplin continues to walk the tightrope between producing as much sustainable palm oil as possible and keeping investors happy. The price of palm oil fluctuates particularly since the invasion of Ukraine which also has a material effect on results.

Continue read on dailymail.co.uk

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