Dekel Agri-Vision reports on Improved Palm Oil and Cashew Production

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 production update for its Ayenouan palm oil project in Côte d’Ivoire (Palm Oil Operation) as well as a positive progress update regarding the performance of the new shelling and peeling equipment at the cashew processing plant at Tiebissou, Côte d’Ivoire (Cashew Operation).

Key Highlights – Palm Oil Operation

·      The Palm Oil Operation low season has lingered longer than normal resulting in a decrease in Crude Palm Oil (‘CPO’) production of 17.9% in October 2024 compared to October 2023.

·      The CPO extraction rate was slightly higher in October 2024 compared to October 2023.  As we exit the low season, we expect CPO extraction rate to trend higher.

·      Like for like October 2024 CPO sales volumes were lower than October 2023 reflecting the lower production levels.

·      CPO sales prices remained steady at €775 per tonne in October 2024 and continue to be historically high.  International CPO prices increased during October 2024 to over €1,050 per tonne.  We are seeing this flow through to our November pre sales and we expect to report a material increase in our CPO sales prices for November 2024. 

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