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 only 7 years, and that a dominant part of its hectarage is yet to reach its peak yielding years.
The Group's average annual crop growth in the last decade has been 17%.
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 scheme smallholder co-operatives. M.P. Evans has also expanded through its purchase of PT Bumi Mas in December 2017. We expect this planting and acquisition together to mean the Group’s and scheme smallholders' crop will continue to grow reaching more than 1 million tonnes of fresh fruit bunches in 2021, and continue growing into the late 2020s.
Crop growth in the short term results from planting that took place from more than a decade ago.