Business
November Palm Oil & Cashew Operation Update
November Palm Oil & Cashew Operation Update.
About this update from Dekel Agri-vision Plc
[{"type":"text","content":"\n \n \n \n \n \n \n \n \n This 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 \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 November 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 a November 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 November 2022 Crude Palm Oil ('CPO') production was slightly lower compared to last month. This is in line with historical trends during this period of the year but 42.5% lower than the unusually high November 2021 CPO production.\n \n \n ·\n CPO prices remain very strong with prices achieved continuing to be close to all-time highs (€1,043 per tonne). International CPO prices remain robust trading between €1,025 - 1,075 per tonne.\n \n \n ·\n The Cashew Operation capacity continued to steadily improve in November and is well on track to meet the Company's 2023 objective of processing capacity of 10,000tn of raw cashew nuts ('RCN').\n \n \n ·\n European feedback following a customer roadshow in Rotterdam has been very positive. In particular, the high quality of Dekel's product has been well noted and significant buyer interest was obtained for 2023 production.\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Nov-22\n \n \n \n \n \n \n Nov-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 (t...