Business
May Palm Oil Production & Cashew Project Update
May 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 ('Dekel' or the 'Company')\n \n \n \n \n May Palm Oil Production Update and Cashew Project 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 a May production update for its Ayenouan palm oil project in Côte d'Ivoire the ('Palm Oil Operation'), and an update on the timing of the ramp-up of production of our large-scale cashew processing plant at Tiebissou, Côte d'Ivoire (the 'Cashew Project').\n \n \n \n \n \n \n Key Highlight\n \n s\n \n \n · \n The recent trend of very strong Crude Palm Oil ('CPO') and Palm Kernel Oil ('PKO') prices and exceptionally strong CPO extraction rates offset by weak fresh fruit bunches ('FFB') volumes continued in May.\n \n \n · \n Further to the Company's announcement of 9 June 2022, the colour sorter was shipped from China and arrived at Abidjan port, Côte d'Ivoire on 12 June. Once installed, this will enable the Company to materially increase production capacity.\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n May-22\n \n \n \n \n \n \n May-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 9,207\n \n \n \n \n 16,335\n \n \n \n \n \n \n \n -43.6%\n \n \n \n \n \n \n CPO Extraction Rate\n \n \n \n \n 23.5%\n \n \n \n \n 20.8%\n \n \n \n \n 13.0%\n \n \n \n \n \n \n CPO production (tonnes)\n \n \n \n \n 2,167\n \n \n \n \n 3,403\n \n \n \n \n -36.3%\n \n \n \n \n \n \n CPO Sales (tonnes)\n \n \n \n \n 4,025\n \n \n \n \n 1,071\n \n \n \n \n 275.8%\n \n \n \n \n \n \n Average CPO price per tonne\n \n \n \n \n €1,056\n \n \n \n \n €774\n \n \n \n \n 36.4%\n \n \n \n \n \n \n PKO production (tonnes)\n \n \n \n \n 165\n \n \n \n \n 233\n \n \n \n \n -29.2%\n \n \n \n \n \n \n PKO Sales (tonnes)\n \n \n \n \n 148\n \n \n \n \n 40\n \n \n \n \n 270.0%\n \n \n \n \n \n \n Average PKO price per tonne\n \n \n \n \n €1,606\n \n \n \n \n €838\n \n \n \n \n 91.6%\n \n \n \n \n \n \n Palm Kernel Cake ('PKC') production (tonnes)\n \n...