Business
April Palm Oil & Cashew Operation Update
April Palm Oil & Cashew Operation Update.
About this update from Dekel Agri-vision Plc
[{"type":"text","content":"\n\n \nThis announcement contains inside information for the purposes of Article 7 of the UK version of Regulation (EU) No 596/2014 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018, as amended (\"MAR\"). Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.\n \n12 May 2025\n \nDekel Agri-Vision Plc / Index: AIM / Epic: DKL / Sector: Food Producers\n \nDekel Agri-Vision Plc\n('Dekel' or the 'Company')\nApril Palm Oil Production Update and Cashew Operation Continued Momentum\n \nDekel Agri-Vision Plc (AIM: DKL), the West African agriculture company focused on building a portfolio of sustainable and diversified projects, is pleased to provide an April production update for its Ayenouan palm oil project in Côte d'Ivoire ('Palm Oil Operation'), along with continued positive momentum in the operational performance of the cashew processing plant at Tiebissou, Côte d'Ivoire (the 'Cashew Operation').\n \nThe Palm Oil Operation has maintained its strong start to 2025, with Crude Palm Oil ('CPO') sales prices remaining significantly higher year-on-year, while production levels are broadly in line with the same period last year. \n \nKey Performance Metrics: April 2025 vs. April 2024\n· CPO Production: 4,375 tonnes, representing a modest year-on-year decrease of 2.8%. Fresh Fruit Bunches (FFB) processed remained broadly consistent, though the CPO extraction rate was slightly lower than in April 2024.\n· CPO Sales Volume: Down 15.1%, primarily due to timing differences. April 2024 included atypically high sales volumes due to stock clearance activities, which is not reflective of underlying demand. Local demand for CPO remains strong.\n· CPO Sales Price: Up 24.1% to €964 per tonne, supported by continued strength in international pricing. Local market prices are now broadly aligned with global benchmarks.\n· Palm Kernel Oil ('PKO') Sales Price: PKO prices remain at historically elevated levels, recording a 74.7% increase in prices. \n· CPO Sales Revenue: April 2025 revenue is expected to be approximately 5% higher t...