Business
Q3 2017 Production & Sales Update
Q3 2017 Production & Sales Update.
About this update from Dekel Agri-vision Plc
[{"type":"text","content":"\n \nRNS Number : 8796T Dekeloil Public Limited 18 October 2017 \n\nDekelOil Public Limited / Index: AIM / Epic: DKL / Sector: Food Producers\n18 October 2017\nDekelOil Public Limited ('DekelOil' or the 'Company')\nQ3 2017 Production & Sales Update\n \nDekelOil Public Limited, operator and owner of the profitable and vertically integrated Ayenouan palm oil project in Côte d'Ivoire (the 'Project'), is pleased to provide a production and sales update for the quarter ended 30 September 2017.\n \nQ3 2017 production and sales figures for Crude Palm Oil ('CPO'), Palm Kernel Oil ('PKO') and Palm Kernel Cake ('PKC') at the Project, which includes one of West Africa's largest extraction mills, are detailed in the table below:\n \n\n\n\n\n\n\n\nQ3 2017\n\n\nQ3 2016\n\n\nIncrease\n/ Decrease\n\n\nH1 2017\n\n\n\n\nProduct Sales (excluding nursery)\n\n\n€6.4 m\n\n\n€6.5 m\n\n\n-2%\n\n\n€19.6 m\n\n\n\n\nFFB collected (tonnes)\n\n\n21,626\n\n\n27,418\n\n\n-21%\n\n\n117,706\n\n\n\n\nCPO production (tonnes)\n\n\n4,734\n\n\n5,823\n\n\n-19%\n\n\n26,947\n\n\n\n\nCPO Sales (tonnes)\n\n\n8,952\n\n\n9,542\n\n\n-6%\n\n\n24,570\n\n\n\n\nAverage CPO price per tonne \n\n\n€640\n\n\n€612\n\n\n+5%\n\n\n€707\n\n\n\n\nPKO production (tonnes)\n\n\n464\n\n\n522\n\n\n-11%\n\n\n1,648\n\n\n\n\nPKO Sales (tonnes)\n\n\n704\n\n\n719\n\n\n-2%\n\n\n1,322\n\n\n\n\nAverage PKO price per tonne\n\n\n€904\n\n\n€832\n\n\n+9%\n\n\n€1,015\n\n\n\n\nPKC production (tonnes)\n\n\n662\n\n\n666\n\n\n-0.6%\n\n\n2,204\n\n\n\n\nPKC Sales (tonnes)\n\n\n668\n\n\n606\n\n\n+10.%\n\n\n2,229\n\n\n\n\nAverage PKC price per tonne\n\n\n€42\n\n\n€49\n\n\n-14%\n\n\n€51\n\n\n\n\n \n· Production for the nine months to 30 September 2017 totalled 31,681 tonnes of CPO, 2,112 tonnes of PKO, and 2,866 tonnes of PKC compared to 34,323 tonnes of CPO and 2,520 tonnes of PKO in the comparable nine month period in 2016 \no Lower Q3 production caused by relatively poor harvest in what is typically a low season in Côte d'Ivoire\n· CPO sold at €640, 11% premium to international benchmark prices, enabling total product sales for the nine month period to 30 September 2017 to be in line with the equivalent period last year despite lower year on year Q3 production \no CPO international benchmark prices averaged €578 during Q3\...