Dekel Agri-Vision reports strong April production update for Palm Oil project

Dekel Agri-Vision

Dekel Agri-Vision Plc (LON:DKL), the West African agriculture company focused on building a portfolio of sustainable and diversified projects, has provided an April 2024 monthly production update for its Ayenouan palm oil project in Côte d’Ivoire.

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.

Apr-24Apr-23Change
FFB processed (tonnes)20,01228,846-30.6%
CPO Extraction Rate22.5%21.4%5.1%
CPO production (tonnes)4,5026,179-27.1%
CPO Sales (tonnes)5,8153,98845.8%
Average CPO price per tonne€777€976-20.4%
Palm Kernel Oil (‘PKO’) production (tonnes)230382-39.8%
PKO Sales (tonnes)265Niln/a
Average PKO price per tonne€759n/an/a

Lincoln Moore, Dekel Agri-Vision‘s Executive Directorsaid: “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.”

We’ll keep you in the loop!

Join 1,000's of investors who read our articles first

We don’t spam! Read our privacy policy for more info.

Share on:
Find more news, interviews, share price & company profile here for:

Dekel Agri-Vision raises £115.6k in Retail Offer

The Retail Offer launched on 27 June 2025 raised £115,601 via 21,018,429 shares at 0.55p each, bringing total gross proceeds to approximately £2.5m. Admission to AIM is expected to begin 23 July 2025, subject to shareholder approval.

Dekel Agri-Vision maintains EBITDA and strengthens cashew turnaround

Dekel Agri-Vision reported stable Group EBITDA of €2.6 million for FY2024. A 41% improvement in the Cashew Operation offset a softer year in palm oil due to lower CPO prices. Post year-end, the company raised £2.33m, restructured debt, and expects further gains in 2025 with rising CPO prices and continued cashew progress.

Dekel Agri-Vision secures £2.3M backing ahead of strategic vote

Dekel Agri-Vision closes an oversubscribed £2.33 million fundraise with strong director and institutional support, setting the stage for a pivotal shareholder meeting in July.

Dekel Agri-Vision benefits from strong pricing and cashew progress

Dekel Agri-Vision Plc has released its May production update, highlighting key developments in its palm oil and cashew operations in Côte d'Ivoire.

Dekel Agri-Vision reports strong April 2025 production and pricing

Dekel Agri-Vision Plc reports robust April performance in its palm oil operations and improved results in cashew processing, signaling strong growth potential for 2025.

Dekel Agri-Vision on track for first EBITDA-positive year

Dekel Agri-Vision Plc reports impressive Q1 2025 results, highlighting significant growth in palm oil and cashew operations in Côte d'Ivoire. Discover key performance metrics and trends.

Search

Search