Business
150% Increase in Full Year Palm Oil Production
150% Increase in Full Year Palm Oil Production.
About this update from Dekel Agri-vision Plc
[{"type":"text","content":"\n \nRNS Number : 9323K Dekeloil Public Limited 06 January 2016 \n\n \nDekelOil Public Limited / Index: AIM / Epic: DKL / Sector: Food Producers\n6 January 2016\nDekelOil Public Limited ('DekelOil' or the 'Company')\nFull Year Production Update\n \nDekelOil Public Limited, operator and 51% owner of the vertically integrated Ayenouan palm oil project in Côte d'Ivoire (the \"Project\"), is pleased to provide a production update for the year ended 31 December 2015. Crude palm oil ('CPO') production increased by 151% to 35,770 tonnes at the Company's 60 t/hr CPO extraction Mill ('the Mill'), one of West Africa's largest. DekelOil also commenced first production and sales of Palm Kernel Oil ('PKO') and Palm Kernel Cake ('PKC') at the recently commissioned kernel crushing plant (the 'KCP'). \n \n\n\n\n\n\n\n\nFY 2015\n\n\nFY 2014\n\n\n% Increase\n\n\n\n\nCPO production (tonnes)\n\n\n35,770 \n\n\n14,242 \n\n\n151%\n\n\n\n\nCPO Sales (tonnes)\n\n\n35,573 \n\n\n13,900 \n\n\n156%\n\n\n\n\nAverage CPO price per tonne \n\n\n€604 \n\n\n€647 \n\n\n-7%\n\n\n\n\nKernel production (tonnes)\n\n\n6,221\n\n\n2,504\n\n\n148%\n\n\n\n\nKernel Sales (tonnes)*\n\n\n4,806\n\n\n2,444 \n\n\n97%\n\n\n\n\nAverage Kernel price per tonne\n\n\n€183 \n\n\n€183 \n\n\nnil\n\n\n\n\nPKO production (tonnes)*\n\n\n492 \n\n\nNil\n\n\n-\n\n\n\n\nPKO Sales (tonnes)*\n\n\n425\n\n\nNil\n\n\n-\n\n\n\n\nAverage PKO price per tonne\n\n\n€743\n\n\nNil\n\n\n-\n\n\n\n\nPKC production (tonnes)*\n\n\n712\n\n\nNil\n\n\n-\n\n\n\n\nPKC Sales (tonnes)*\n\n\n417\n\n\nNil\n\n\n-\n\n\n\n\nAverage PKC price per tonne\n\n\n€42\n\n\nNil\n\n\n-\n\n\n\n\n* Kernel Crushing facility commenced operations in November 2015. Kernel sales ceased and PKO and PKC sales commenced\n· FY 2015 CPO extracted at a rate of 23.6% during the period from 151,702 tonnes of fresh fruit bunches ('FFB') - compares favourably to other CPO extraction mills\n· 6,632 tonnes of CPO produced during Q4 2015 - 127% increase compared to Q4 2014 \n· Strong local and regional demand has enabled DekelOil to sell its CPO at a premium to CIF Rotterdam prices. The Company expects this trend to continue and notes that international crude palm oil prices are beginning to improve as very low rainfall caused by a very significant El Nin...