Business
Production Update - Q1 2019
Production Update - Q1 2019.
About this update from Dekel Agri-vision Plc
[{"type":"text","content":"\n \nRNS Number : 5078V Dekeloil Public Limited 09 April 2019 \n\nThe information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ('MAR'). Upon the publication of this announcement via a Regulatory Information Service (\"RIS\"), this inside information is now considered to be in the public domain.\n \nDekelOil Public Limited / Index: AIM / Epic: DKL / Sector: Food Producers\n \n9 April 2019\n \nDekelOil Public Limited ('DekelOil' or the 'Company')\nQ1 2019 Production Update\n \nDekelOil Public Limited, the West African focused agricultural company, is pleased to provide a quarterly production update for its 100%-owned vertically integrated Ayenouan palm oil project in Côte d'Ivoire (the 'Project') for the three months ended 31 March 2019.\n \n\n\n\n\n \n\n\nQ1 2019\n\n\nQ1 2018\n\n\nIncrease/\n(decrease)\n\n\n\n\nFFB collected (tonnes)\n\n\n69,340\n\n\n59,531\n\n\n16.5%\n\n\n\n\nCPO production (tonnes)\n\n\n14,921\n\n\n13,605\n\n\n9.7%\n\n\n\n\nCPO sales (tonnes)\n\n\n12,009*\n\n\n13,758\n\n\n-12.7%\n\n\n\n\nAverage CPO price per tonne \n\n\n€520\n\n\n€548\n\n\n-5.1%\n\n\n\n\nPKO production (tonnes)\n\n\n943\n\n\n959\n\n\n-1.7%\n\n\n\n\nPKO sales (tonnes)\n\n\n933\n\n\n719\n\n\n 29.8%\n\n\n\n\nAverage PKO price per tonne\n\n\n€593\n\n\n€987\n\n\n-39.9%\n\n\n\n\nPKC production (tonnes)\n\n\n1,276\n\n\n1,223\n\n\n4.3%\n\n\n\n\nPKC sales (tonnes)\n\n\n1,211\n\n\n1,113\n\n\n8.8%\n\n\n\n\nAverage PKC price per tonne\n\n\n€55\n\n\n€50\n\n\n10.1%\n\n\n\n\n*Excludes stock sold of 2,240 tonnes due for collection post 31 March 2019 (Q1 2018: 333 tonnes)\n \nProduction\n· 9.7% increase in crude palm oil ('CPO') production at the Company's mill in Q1 2019 to 14,921 tonnes (Q1 2018: 13,605 tonnes) due to:\no Materially higher CPO production in February and March 2019 compared to the previous year, more than offsetting lower year on year volumes in January 2019\no Strong performance by new logistics centre set up to facilitate delivery of smallholder fruit to mill \n· 69,340 tonnes of Fresh Fruit Bunches ('FFB') delivered to mill in Q1 follows recovery in yields to more normal levels following 2018's poor peak harvest season\no DekelOil's market ...