Dekel Agri-Vision boosts extraction rates despite lower production in May

Dekel Agri-Vision, a company focused on developing sustainable and diversified agriculture projects in West Africa, recently provided an update on the monthly production at its Ayenouan palm oil operation in Ivory Coast. In May, the company processed 18,725 tonnes of fresh fruit bunches of palm, marking a 23% decline from the 24,301 tonnes processed during the same period last year.

This decrease in fresh fruit bunches consequently led to a reduction in crude palm oil (CPO) production, which fell by 18% to 4,368 tonnes from the previous year’s 5,306 tonnes. Sales also saw a decline, dropping 17% to 3,959 tonnes from 4,741 tonnes. Despite these declines, Dekel succeeded in improving the extraction rate at Ayenouan, increasing it to 23.3% from 21.8%. However, the company faced a challenge with average prices, which fell by 19% to EUR777 from the previous year’s EUR953.

Commenting on the update, Executive Director Lincoln Moore expressed optimism about the palm operation’s performance. He highlighted the strong production levels, historically high CPO prices, and excellent extraction rates as indicators of the operation’s robustness. Moore assured that Dekel Agri-Vision remains well on track with market expectations for the first half of 2024, and the company looks forward to announcing further details next month.

Dekel Agri-Vision PLC (LON:DKL) aspires to become a leading agro-industrial company in West Africa, one that creates value for shareholders whilst at all times placing the interests of the local communities and environment in which it operates in at the heart of its operations.

Click to view all articles for the EPIC:
Or click to view the full company profile:
Facebook
X
LinkedIn
Dekel Agri-Vision PLC

More articles like this

Dekel Agri-Vision PLC

Palm oil futures rise despite weak June exports

Palm oil futures ended higher on Wednesday due to forecasts of lower production in the world’s second-largest producer, despite estimates of shrinking June exports keeping the contract near six-week lows. The benchmark palm oil contract for

Dekel Agri-Vision PLC

Palm oil futures continue upward trend

Palm oil futures experienced an extended gain for the second consecutive session on Thursday, even as estimates for palm oil exports for June 1-20 indicated a decline. The benchmark palm oil contract for September delivery on

Dekel Agri-Vision PLC

Palm Oil futures track gains in Dalian Market

Palm oil futures rose on Wednesday, recovering some of the losses experienced in the previous session. This upward trend was influenced by gains in rival vegetable oils on the Dalian Commodity Exchange. The benchmark palm oil

Dekel Agri-Vision PLC

Palm Oil futures rise amidst crude oil price surge

On Tuesday, Malaysian palm oil futures saw an upward movement in response to rising crude oil prices, although the gains were somewhat constrained by weaker soft oils. The benchmark palm oil contract (FCPOc3) for August delivery

Dekel Agri-Vision PLC

Sustainable Palm Oil for Health and Beauty

Sustainable palm oil, derived from the fruit of oil palm trees, is a versatile ingredient that supports both internal health and external beauty. It is beneficial for heart health by helping to reduce cholesterol levels, as

Dekel Agri-Vision PLC

Transforming palm pil production for a greener future

Palm oil, a versatile product found in a myriad of everyday items from chocolate to shampoo, has come under scrutiny due to the environmental damage associated with its production. However, sustainable palm oil offers a solution

Dekel Agri-Vision PLC

Strengthening cashew production in Côte d’Ivoire

The National Agricultural Research Centre (CNRA) and the Cotton-Cashew Council (CCA) are joining forces on a project aimed at enhancing the competitiveness of cashew nuts in Côte d’Ivoire. A primary objective of this collaboration is the

Dekel Agri-Vision PLC

Palm oil futures rise on stronger crude oil prices

Malaysian palm oil futures roseon Thursday amid stronger crude oil prices, though the gains were capped by a dip in prices of rival edible softs. The benchmark palm oil contract FCPOc3 for July delivery on the Bursa Malaysia Derivatives

Dekel Agri-Vision PLC

Palm Oil futures rise tracking Chicago soyoil

Palm oil futures edged up on Thursday, tracking Chicago soyoil, as the contract consolidated after a recent fall, while market participants awaited fresh tradingcues. The benchmark palm oil contract FCPOc3 for July delivery on the Bursa Malaysia Derivatives Exchange was

Dekel Agri-Vision PLC

Palm oil futures rebound, tracking soyoil and crude oil gains

Malaysian palm oil futures rebounded on Friday after declining for two sessions, tracking gains in rivals soyoil and crude oil. The benchmark palm oil contract FCPOc3 for July delivery on the Bursa Malaysia Derivatives Exchange rose 21 ringgit,