Source - LSE Regulatory
RNS Number : 8649N
Dekel Agri-Vision PLC
10 May 2024


This announcement contains inside information for the purposes of Article 7 of the UK version of Regulation (EU) No 596/2014 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018, as amended ("MAR"). Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.


10 May 2024


Dekel Agri-Vision Plc / Index: AIM / Epic: DKL / Sector: Food Producers


Dekel Agri-Vision Plc


('Dekel' or the 'Company')


April 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 an April 2024 monthly production update for its Ayenouan palm oil project in Côte d'Ivoire ('Palm Oil Operation').


Key Highlights

·      The Palm Oil Operation had a solid month albeit CPO production was 27.1% lower than the record April 2023 results.  This is due to the high season in 2024 appearing to return to a more typical peak cycle in March 2024 compared to 2023 where the peak occurred in April.  Year to date April 2024 CPO production remains 5% higher than year to date April 2023. 

·      Like for like April 2024 CPO sales volumes were 45.8% higher than April last year due to the sale of stock on hand following the strong Q1 2024 production period. 

·      CPO sales prices continued to be historically strong at €777 per tonne.  International prices remain buoyant at approximately €900 per tonne and we are optimistic that as local inventory levels decrease over the coming months local prices should continue to gradually strengthen towards the international price.

·      The CPO extraction rate of 22.5% in April 2024 was an excellent result being 5.1% higher than April 2023.  We are seeing this trend of higher CPO extraction rates continue in May which is enhancing our gross margin percentage.





FFB processed (tonnes)




CPO Extraction Rate




CPO production (tonnes)




CPO Sales (tonnes)




Average CPO price per tonne




Palm Kernel Oil ('PKO') production (tonnes)




PKO Sales (tonnes)




Average PKO price per tonne





Lincoln Moore, Dekel's Executive Director, said: "YTD CPO production levels remain ahead of 2023.  In addition, with CPO prices remaining relatively high and enhanced CPO extraction rates, H1 2024 is continuing to be a period of robust financial performance from the Palm Oil Operation."



** ENDS **


For further information, please visit the Company's website or contact:


Dekel Agri-Vision Plc

Youval Rasin

Shai Kol

Lincoln Moore


+44 (0) 207 236 1177

WH Ireland Ltd (Nomad and Joint Broker)

James Joyce

Darshan Patel

Isaac Hooper


+44 (0) 20 7220 1666

Optiva Securities Limited (Joint Broker)

Christian Dennis

Daniel Ingram


+44 (0) 203 137 1903



Dekel Agri-Vision Plc is a multi-project, multi-commodity agriculture company focused on West Africa. It has a portfolio of projects in Côte d'Ivoire at various stages of development: a fully operational palm oil project in Ayenouan where fruit produced by local smallholders is processed at the Company's 60,000tpa capacity crude palm oil mill and a cashew processing project in Tiebissou, which is currently transitioning to full commercial production.


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