Business
August Palm Oil Production & Cashew Project Update
August Palm Oil Production & Cashew Project Update.
About this update from Dekel Agri-vision Plc
[{"type":"text","content":"\n \n \n \n \n \n Dekel Agri-Vision Plc / Index: AIM / Epic: DKL / Sector: Food Producers\n \n \n \n \n \n \n Dekel Agri-Vision Plc\n \n \n \n \n ('Dekel' or the 'Company')\n \n \n \n \n August Palm Oil Production Update and Cashew Operation Update\n \n \n \n \n \n \n Dekel Agri-Vision Plc\n (AIM: DKL)\n , the\n West African\n agriculture company focused on building a portfolio of sustainable and diversified projects, is pleased to\n provide an August production update for its Ayenouan palm oil project in Côte d'Ivoire ('Palm Oil Operation') and an update on progress regarding the ramp-up of production of our large-scale cashew processing plant at Tiebissou, Côte d'Ivoire (the 'Cashew Operation').\n \n \n \n \n \n \n Key Highlight\n \n s\n \n \n ·\n We believe we are now reaching the tail end of the Palm Oil Operation low season. Local Crude Palm Oil ('CPO') prices continue to be strong; however, Fresh Fruit Bunch ('FFB') volumes remained low in August. Promisingly, we are seeing indications FFB volumes may be trending upwards in early September compared to August.\n \n \n ·\n We now have all key equipment to ramp up production of the Cashew Operation on site and we are in the final installation and commissioning stage, including the 11 shelling machines previously mentioned in the Company's announcement dated 10 August 2022. This will provide an opportunity for the Company to significantly expand its production capacity.\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Aug-22\n \n \n \n \n \n \n Aug-21\n \n \n \n \n \n \n Change\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n FFB processed (tonnes)\n \n \n \n \n 5,281\n \n \n \n \n 8,469\n \n \n \n \n -37.6%\n \n \n \n \n \n \n CPO Extraction Rate\n \n \n \n \n 19.4%\n \n \n \n \n 19.8%\n \n \n \n \n -2.0%\n \n \n \n \n \n \n CPO production (tonnes)\n \n \n \n \n 1,024\n \n \n \n \n 1,678\n \n \n \n \n -39.0%\n \n \n \n \n \n \n CPO Sales (tonnes)\n \n \n \n \n 1,148\n \n \n \n \n 1,852\n \n \n \n \n -38.0%\n \n \n \n \n \n \n Average CPO price per tonne\n \n \n \n \n €1,030\n \n \n \n \n €947\n \n \n \n \n 8.8%\n \n \n \n \n \n \n Palm Kernel Oil ('PKO') production (tonnes)\n \n \n \n \n 91\n \n \n \n \n 169\n \n \n \n \n -46.2%\n \n \n \n \n \n \n PKO Sales (tonne...