Business
October Palm Oil & Cashew Operation Update
October Palm Oil & Cashew Operation 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 October 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 October 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 Dekel achieved a 26.1% improvement in fresh fruit bunches ('FFB') processed as compared to last month and a further improvement in crude palm oil ('CPO') extraction rates to 21.8% as compared to 21.3% last month.\n \n \n ·\n However, like for like monthly CPO production volumes remained low compared to the October 2021 record monthly production of 2,331tns (28.1% lower). \n \n \n ·\n CPO prices remain very strong with prices achieved continuing at close to all-time highs (€1,057 per tonne). International CPO prices increased materially during October from around €950 per tonne to €1,100 - 1,150 per tonne.\n \n \n ·\n The Cashew Operation capacity increased significantly during October and is well on track to meet the Company's 2023 objective of processing 10,000tn of raw cashew nuts ('RCN').\n \n \n ·\n First cashew export container shipment to Europe of 16 tonnes was completed in late October at an average price of approximately €4,900 per tonne.\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Oct-22\n \n \n \n \n \n \n Oct-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 7,661\n \n \n \n \n 11,603\n \n \n \n \n -34.0%\n \n \n \n \n \n \n CPO Extraction Rate\n \n \n \n \n 21.8%\n \n \n \n \n 20.1%\n \n \n \n \n 8.5%\n \n \n \n \n \n \n CPO production (tonnes)\n \n \n \n \n 1,677\n \n \n \n \n 2,331\n \n \n \n \n -28.1%\n \n \n \n \n \n \n CPO Sales (tonnes)\n \n \n \n \n 1,567\...