Crop growth in the short-term results from planting that took place up to a decade ago. The profile of M.P. Evans plantings shows it has a very young average age of less than 7 years, and that a dominant part of its hectarage is yet to reach its peak yielding years.
We are constantly looking to ensure growth in the future by continuing to plant new land. Since 2005, we have consistently planted on average 2,200 hectares every year either for ourselves or our smallholder co-operatives. M.P. Evans has also expanded through its purchase of PT Bumi Mas in August 2017. We expect this planting and acquisition together to mean the Group’s crop will double again between 2016 and 2020 reaching more than 1 million tonnes of fresh fruit bunches, and continue growing into the late 2020s.
The long period of investment in new plantations has generated a steady increase in crop, which resulted in crops doubling between 2010 and 2016 despite the exceptionally dry spell in 2016 that was a consequence of a severe El Niño weather pattern in the Pacific Ocean. Crops have continued their upward trajectory in 2017.