Business
July 2020 Palm Oil Production Update
July 2020 Palm Oil Production Update.
About this update from Dekel Agri-vision Plc
[{"type":"text","content":"\n \n \n RNS Number : 5701V\n Dekel Agri-Vision PLC\n 10 August 2020\n \n \n \n \n \n \n \n Dekel Agri-Vision Plc / Index: AIM / Epic: DKL / Sector: Food Producers\n \n \n \n \n \n 10 August 2020\n \n \n Dekel Agri-Vision Plc ('Dekel' or the 'Company')\n \n \n July 2020 Palm Oil Production Update\n \n \n \n \n \n Dekel Agri-Vision Plc, the West African focused agriculture company, is pleased to provide a production and sales update for its Ayenouan palm oil project in Côte d'Ivoire (the 'Project') for July 2020. In line with recent trends, trading during July 2020 has benefited from improving global crude palm oil ('CPO') prices, which continue to recover from the COVID-19 induced lows experienced earlier in the year. Together with high extraction rates, this has offset lower CPO production volumes at Ayenouan. A table providing a breakdown of production, sales and pricing levels achieved at Ayenouan during July 2020 is set out below.\n \n \n \n \n \n As previously announced, the Company is issuing CPO production figures on a monthly basis to provide shareholders with increased visibility on operations and trading during the pandemic and associated market volatility. The Company will continue to provide monthly data until 30 September at which point it will consider reverting to quarterly data. In the meantime, Ayenouan continues to operate with relatively minimal disruption from COVID-19 however, Dekel continues to adhere to government advice and guidance in order to help ensure the wellbeing of staff and the local communities in which it operates in. \n \n \n \n \n \n July 2020 Production\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n July 2020\n \n \n \n \n July 2019\n \n \n \n \n Increase/\n \n \n (decrease)\n \n \n \n \n \n \n FFB processed (tonnes)\n \n \n \n \n 7,975 \n \n \n \n \n 9,780 \n \n \n \n \n -18.5\n %\n \n \n \n \n \n \n CPO production (tonnes)\n \n \n \n \n 1764\n \n \n \n \n 2032\n \n \n \n \n -13.2\n %\n \n \n \n \n \n \n CPO sales (tonnes)\n \n \n \n \n 1819\n \n \n \n \n 3533\n \n \n \n \n -48.5\n %\n \n \n \n \n \n \n Average CPO price per tonne \n \n \n \n \n €\n 502 \n \n \n \n \n €\n 480 \n \n \n \n \n 4.5\n %\n \n \n \n \n \n \n PKO production (tonnes)\n \n \n \n \n 172\n \n \n \n \n 176\n \n \n \n \n -2.3\n %\n \n \n \n \n ...