Source - Alliance News

Dekel Agri-Vision PLC - West Africa-focused agricultural company - Says it processed 114,745 tonnes of fresh fruit bunch in the first half of 2023, up 52% from 75,448 tonnes the prior year. Adds that its crude palm oil output in the last six months grew by 49% to 25,166 tonnes from 16,893 tonnes the year before. Notes the average price for CPO is €934 per tonne, a decrease from €1,013 in the first half of 2021. Palm kernel oil output grew by 24% to 1,442 tonnes from 1,162 the year prior, while sales fell to 515 tonnes from 1,180 tonnes. Adds that the average PKO price per tonne fell to €947 from €1,454. Says it was necessary to slow down its gradual increase in daily cashew output to deal with ‘teething issues’ related to the addition of 10 new shelling machines. Raw material and sales prices are operating in line with expectations.

Current stock price: 2.89 pence, down 2.0% on Wednesday

12-month change: down 5.3%

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