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Dekel Agri-Vision Plc: May Palm Oil Production Update
Home / Client News / Dekel Agri-Vision Plc: May Palm Oil Production Update

Dekel Agri-Vision Plc (AIM: DKL), the West African agriculture company focused on building a portfolio of sustainable and diversified projects, is pleased to provide a May and cumulative year to date production update for its 100%-owned Ayenouan palm oil project in Côte d’Ivoire (‘Ayenouan’ or the ‘Project’).

Highlights

·      3,403 tonnes of crude palm oil (‘CPO’) produced in May 2021
       – Brings cumulative CPO production for year to date to 23,877 tonnes, a 10.9% increase on production during the equivalent five-month period in 2020

·      1,071 tonnes of CPO sold in May 2021 with a further 2,500 tonnes sold at €945 per tonne, a price materially higher than previous months, which is awaiting collection –
       this is in line with strategy to maximise local prices which have been moving upwards during H1 2021
       – Brings cumulative CPO sales for year to date to 19,963 tonnes, 7.0% lower than 21,462 tonnes sold during the equivalent period in 2020 (excludes 2,500 tonnes sold)

·      43.1% increase in average realised CPO prices to €774 per tonne in May compared to May 2020
       –
 Brings average realised CPO prices for year to date to €794 per tonne, 29.5% higher than the €613 per tonne achieved over the equivalent five-month period in 2020

·      H1 2021 financial results on course to materially surpass H1 2020’s €15.4m revenues; €1.9m EBITDA; and €0.4m net profits

https://www.londonstockexchange.com/news-article/DKL/may-palm-oil-production-update/15011485

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