February Palm Oil & Cashew Update
Summary by AI BETAClose X
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 March 2026
Dekel Agri-Vision Plc / Index: AIM / Epic: DKL / Sector: Food Producers
Dekel Agri-Vision Plc
('Dekel' or the 'Company')
February Palm Oil Production Update and Cashew Operation Update and Corporate 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 February production update for its Ayenouan palm oil project in Côte d'Ivoire ('Palm Oil Operation') and an update at the cashew processing plant at Tiebissou, Côte d'Ivoire (the 'Cashew Operation').
Key Performance Metrics: February 2026 vs. February 2025
· Crude Palm Oil (CPO) Production: CPO production in February 2026 improved significantly compared to January 2026, although remained 15.5% lower than February 2025. Importantly, the CPO high season has now clearly commenced, with a notable uplift in production observed towards the end of February. This momentum has continued into March, where a material increase in monthly production volumes is expected. The CPO extraction rate for February was 21.6%, in line with historical averages for the period.
· CPO Sales Prices: CPO selling prices remained strong at €973 per tonne during the month. The outlook for CPO prices continues to be buoyant, with international prices continuing to trade above €1,000 per tonne.
· Palm Kernel Oil (PKO) Sales and Prices: PKO sales and production continue to be a strong contributor to the Palm Oil Operation's performance, with PKO prices in February 2026 up 12.3% compared to February 2025.
· Cashew Operation: Raw Cashew Nut (RCN) Processing:
o As announced last month, RCN processing was temporarily reduced from full capacity in order to preserve existing stock ahead of the RCN buying season, which has now begun. Processing returned to expected daily run-rate levels in late February, with operations returning to full capacity during March.
o Working capital facilities are in place to support RCN purchasing, and the Group has also commenced the processing of third-party RCN in March, which has proven to be a successful initiative.
o Quarterly production and sales data for the cashew operation will be reported in April 2026.
|
|
Feb-26 |
Feb-25 |
Change |
|
|
|
|
|
|
FFB processed (tonnes) |
13,632 |
16,125 |
-15.5% |
|
CPO Extraction Rate |
21.6% |
21.9% |
-1.4% |
|
CPO production (tonnes) |
2,939 |
3,527 |
-16.7% |
|
CPO Sales (tonnes) |
2,188 |
3,177 |
-31.1% |
|
Average CPO price per tonne |
€973 |
€950 |
2.4% |
|
Palm Kernel Oil ('PKO') production (tonnes) |
173 |
217 |
-20.3% |
|
PKO Sales (tonnes) |
115 |
299 |
-61.5% |
|
Average PKO price per tonne |
€1,335 |
€1,189 |
12.3% |
|
|
|
|
|
Corporate update
The Company expects to release its audited results for the financial year ended December 2025 by late June. Subject to any changes as a result of the audit process the board expects to report Group EBITDA in excess of 3m euros and a Group loss before tax of less than 3m euros.
Youval Rasin, Dekel's Chief Executive Officer, said: "The commencement of the palm oil high season has already resulted in a noticeable uplift in production towards the end of February, with further improvement expected through March. In addition, our cashew processing operations have also returned to full capacity following the start of the raw cashew nut buying season. Together with continued strong CPO pricing, this provides positive operational momentum as we enter the key production period for the year."
** ENDS **
For further information, please visit the Company's website www.dekelagrivision.com or contact:
|
Dekel Agri-Vision Plc Youval Rasin Shai Kol Lincoln Moore
|
+44 (0) 207 236 1177 |
|
Zeus (Nomad and Joint Broker) James Joyce Darshan Patel John Moran
|
+44 (0) 203 829 5000 |
Notes:
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 scaling up production.
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