Dekel Agri-Vision has reported a softening of palm oil prices as it delivered another “strong” month of soaring production.
The London-listed West African agriculture group said fresh fruit bunch (FFB) volumes and crude palm oil (CPO) production increased by “a substantial” 163.9% and 144.9% respectively last month compared with May 2022.
It was a record for the month of May in terms of the CPO production result and a continuation of the later-than-usual high season, which is expected to lead to the palm oil operation delivering a materially higher half-year production performance in 2023 compared to 2022.
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.
