Dekel Agri-Vision Plc (LON:DKL), the West African agriculture company focused on building a portfolio of sustainable and diversified projects, has provided an October 2023 monthly production update for its Ayenouan palm oil project in Côte d’Ivoire (‘Palm Oil Operation’).
Key Highlights
· The Palm Oil Operation continued its 8 month trend of higher like for like production in October 2023 compared to October 2022 recording increases in Crude Palm Oil (‘CPO’) and Palm Kernel Oil (‘PKO’) production of 2.8% and 14.5% respectively. Early guidance for November 2023 shows CPO production is likely to be materially higher than November last year as we appear to be experiencing another uplift in production over the past 10 days.
· Like for like October 2023 CPO sales volumes were 5.4% lower compared to last year following a significant period of strong sales from July to September 2023 resulting in inventory levels normalising.