Dekel Agri-Vision reports strong start to 2024 with significant increase in palm oil production

Dekel Agri-Vision Plc (LON:DKL), the West African agriculture company focused on building a portfolio of sustainable and diversified projects, has provided a January 2024 monthly production update for its Ayenouan palm oil project in Côte d’Ivoire.

Key Highlights

·      The Palm Oil Operation has started the 2024 year well recording an increase in Crude Palm Oil (‘CPO’) production of 56.2% compared to January last year. 

·      Like for like January 2024 CPO sales volumes were also 38% higher than last year due to the strong monthly CPO production.

·      CPO sales prices in January softened from last month to €737 per tonne but we expect to see an uptick in CPO prices again in February.  Local CPO prices remain below international CPO prices as efforts continue locally to manage food prices, however, our FFB purchase prices are also lower resulting in continued healthy gross margins being achieved. 

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