The utilisation of palm oil is widespread as a vegetable oil and it is used in various industries such as food, personal care products, and biofuels. The production of palm oil has experienced a notable rise on a global scale, from 24 million tonnes in 2000/2001 to 77 million tonnes in 2022/2023 to satisfy the high demand for vegetable oils. The rise in demand for palm oil is attributed to several factors, including population growth, urbanisation, and the increasing recognition of the health advantages of natural oils.
In order to address the environmental, social, and economic challenges facing the palm oil industry and remain competitive in an ever-evolving market, the industry must prioritise innovation. The deployment of innovative technologies, processes, and business models has the potential to make the industry more environmentally sustainable and efficient.
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.