Business
Palm Oil Production and Cashew Project Update
Palm Oil Production and Cashew Project Update.
About this update from Dekel Agri-vision Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 0622I\n Dekel Agri-Vision PLC\n 10 August 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 July Palm Oil Production Update and Cashew Project 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 July production update for its 100%-owned Ayenouan palm oil project in Côte d'Ivoire and an update on the timing of the commissioning 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 Palm Oil Production\n \n \n · \n 3,047 tonnes of CPO sold in July 2021, 67.5% higher than July 2021 as stock on hand post the high season was sold into a buoyant local CPO market\n \n \n · \n Local CPO prices continued to increase to a 2021 monthly high of €949 in July 2021, an 89.0% increase in average realised CPO prices compared to July 2020\n \n \n Cashew Project\n \n \n · \n Construction has continued to advance, and commissioning of the Cashew project will start in September 2021\n \n \n \n \n \n \n Lincoln Moore, Dekel\n \n 's\n \n Executive Director\n \n ,\n \n said: \n \n \"Global \n CPO prices continue to remain strong on the back of tight global supplies. We remain optimistic that prices should continue to be robust for the foreseeable future which bodes well for the remainder of our current low season and next year's high season. Whilst the commencement of the commissioning of the cashew project has taken longer than we had hoped, we remain well placed to be fully operational shortly and be well positioned to scale up production in 2022, which we expect will lead to a material step in Group revenue.\" \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n July-21\n \n \n \n \n July-20\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 FFB processed (tonnes)\n \n \n \n \n 8,295\n \n \n \n \n 7,975\n \n \n \n \n 4.0%\n \n \n \n \n \n \n CPO production (tonnes)\n \n \n \n \n 1,715\n \n \n \n \n 1,764\n \n \n \n \n...