Dekel Agri-Vision Plc (LON: DKL), the West African agriculture company focused on building a portfolio of sustainable and diversified projects, has provided a November production update for its Ayenouan palm oil project in Côte d’Ivoire (Palm Oil Operation) as well as continued positive progress regarding the operational performance of the cashew processing plant at Tiebissou, Côte d’Ivoire (Cashew Operation).
Key Highlights – Palm Oil Operation
· Crude Palm Oil (‘CPO’) production low season has continued be low with production 73.0% lower than the record November 2023 monthly production. With the upcoming high season nearly upon us, agronomists are performing their usual crop assessments which indicate we should see a sharp improvement in production during the high season.
· The CPO extraction rate for November 2024 was broadly in line with November 2023 and pleasingly significantly higher than the 19.5% recorded last month.
· Like for like November 2024 CPO sales volumes were lower than November 2023 reflecting the lower production levels.
· As highlighted in last month’s update, CPO sales prices increased significantly to €968 per tonne in November 2024, a 24.4% increase compared to November 2023. We are now seeing high international CPO prices flowing through to local prices which bodes well for the upcoming high season.
