Dekel Agri-Vision Plc (LON:DKL), the West African agriculture company focused on building a portfolio of sustainable and diversified projects, has provided its unaudited full year production update for the year ending 31 December 2023 (‘FY-2023’) for the Ayenouan palm oil project in Côte d’Ivoire and the cashew processing plant at Tiebissou, Côte d’Ivoire.
Palm Oil Operation Update
· The Palm Oil operation performed very well during FY 2023 driven by close to record Crude Palm Oil (‘CPO’) production and relatively high historical CPO prices as outlined in the table below.
| FY-2023 | FY-2022 | Change | |
| FFB processed (tonnes) | 182,362 | 116,733 | 56.2% |
| CPO Extraction Rate | 21.4% | 22.1% | -3.2% |
| CPO production (tonnes) | 39,073 | 25,751 | 51.7% |
| CPO Sales (tonnes) | 38,896 | 26,016 | 49.5% |
| Average CPO price per tonne | €869 | €1,025 | -15.2% |
| Palm Kernel Oil (‘PKO’) production (tonnes) | 2,420 | 1,824 | 32.7% |
| PKO Sales (tonnes) | 2,404 | 1,991 | 20.7% |
| Average PKO price per tonne | €828 | €1,381 | -40.0% |
· Fresh Fruit Bunch (‘FFB’) volumes and Crude Palm Oil (‘CPO’) production increased 56.1% and 51.7% respectively compared to FY 2022.
