Following the installation of new sorting equipment cashew production will start to increase, according to Cote d’Ivoire-based Dekel Agri-Vision and shelling machines are ready for installation. The cashew business should provide positive cash generation in the fourth quarter of 2022.
WH Ireland predicts that the cashew business could generate revenues of €12m in 2023 and double that level in 2024. The capital investment is almost complete.
Dekel Agri-Vision recently completed an oversubscribed bond drawdown, which was at a better interest rate than the previous issue. This is on the back of increasing revenues thanks to the strong palm oil price.
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.