Business
March & Q1 Palm Oil Production Update
March & Q1 Palm Oil Production Update.
About this update from Dekel Agri-vision Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 7512U\n Dekel Agri-Vision PLC\n 08 April 2021\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 Dekel Agri-Vision Plc ('Dekel' or the 'Company')\n \n \n March & Q1 Palm Oil Production Update\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 a first quarter production update for its 100%-owned Ayenouan palm oil project in Côte d'Ivoire ('Ayenouan' or the 'Project'). \n \n \n \n \n \n \n Highlight\n \n s\n \n \n · \n Record monthly \n crude palm oil ('\n CPO') production volumes registered in March 2021 - 6,895 tonnes, a 9% increase on March 2020 (6,314 tonnes), the previous best month \n \n \n · \n Strong step-up in CPO production and sales in Q1 2021, relative to Q1 2020, driven by strong monthly performances \n \n \n o \n 27% increase in CPO production to 15,327 tonnes (Q1 2020: 12,081 tonnes) \n \n \n o \n 26% increase in CPO sales\n \n to 13,921 tonnes (Q1 2020: 11,047 tonnes)\n \n \n · \n 20% increase in average realised CPO prices to €794 per tonne in Q1 2021 (Q1 2020: €664)\n \n \n · \n Tracking well to deliver a material uplift in H1 2021 financial results compared to last year due to excellent CPO production, sales and pricing performances in Q1\n \n \n \n \n \n \n Lincoln Moore, Dekel\n \n 's\n \n Executive Director\n \n ,\n \n said: \n \n \"In the eight years since Ayenouan has been producing palm oil, Q1 2021 represents one of the best quarterly performances recorded. Not only are volumes of CPO produced and sold significantly up on the prior year but so too are average realised prices. This combination is driving a very strong H1 financial performance.\"\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Mar-20\n \n \n \n \n Mar-21\n \n \n \n \n Change\n \n \n \n \n Q1 2020\n \n \n \n \n Q1 2021\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 \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 29,108\n \n \n \n \n 32,261\n \n \n \n \n 10.83%\n \n \n \n \n 55,895\n \n \n \n \n 71,500...