Dekel Agri-Vision Plc (LON:DKL), the West African agriculture company focused on building a portfolio of sustainable and diversified projects, has provided a February 2024 monthly production update for its Ayenouan palm oil project in Côte d’Ivoire.
Key Highlights
· The Palm Oil Operation continued its excellent start to 2024 year recording an increase in Crude Palm Oil (‘CPO’) production of 70.2% in February 2024 compared to February last year. This was the 12th consecutive month of higher monthly like for like CPO production.
· Like for like February 2024 CPO sales volumes were also 17.6% higher than February last year due to the strong monthly CPO production. February 2024 month end stock on hand likely to drive higher sales volumes in March 2024 and beyond.
· CPO sales prices increased slightly to €759 per tonne. Similarly to the previous month, local CPO prices remain below international CPO prices as efforts continue locally to manage food prices, however, our FFB purchase prices are also lower resulting in continued healthy gross margins being achieved.
