July Palm Oil & Record Cashew Operation Update
July palm oil production down 53.5% due to early low season; cashew operation records 533 tonnes monthly processing.
- CPO production 1,107 tonnes (prior 2,379 tonnes)
- CPO Sales Price €952 per tonne (prior €778 per tonne)
- Raw Cashew Nut processing 533 tonnes (prior 126 tonnes)
- PKO Sales Price €1,175 per tonne
- FFB processed 5,637 tonnes (prior 11,517 tonnes)
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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 July production update for its Ayenouan palm oil project in Côte d'Ivoire ('Palm Oil Operation') and to report record monthly production from the cashew processing plant at Tiebissou, Côte d'Ivoire (the 'Cashew Operation').
Key Performance Metrics: July 2025 vs. July 2024
- Crude Palm Oil ('CPO') Production: Fresh Fruit Bunche volumes entered the low season much earlier than in 2024, resulting in a 53.5% decrease in CPO production in July 2025 compared to July 2024. The CPO extraction rate was slightly lower than in July 2024.
- CPO Sales Volume: Down 69.8%, largely reflecting the lower CPO production levels in July. Local demand for CPO remains strong.
- CPO Sales Price: Up 22.4% to €952 per tonne. Local CPO market prices are now consistent with global benchmarks, which remain close to historically high levels.
- Palm Kernel Oil ('PKO') Sales Price: PKO prices remain near record levels, at €1,175 for July 2025.
- Cashew Operation: Key monthly like-for-like production KPIs remain materially ahead of July 2024 including record monthly Raw Cashew Nut ('RCN') processing of 533 tonnes, a 423% increase compared to July 2024:
o Quarterly production and sales data will be published in October 2025.
o The Group reiterates its guidance for a significantly improved full-year performance in 2025, including its first-ever EBITDA-positive result.
- As previously announced, additional shelling machines and a colour sorter were ordered to increase daily RCN processing from approximately 20 tonnes to 30-35 tonnes per day.
- This new equipment will start arriving at Abidjan port within the next two weeks, with a further step-up in daily RCN production expected from October 2025.
| July-25 | July-24 | Change | |
|---|---|---|---|
| FFB processed (tonnes) | 5,637 | 11,517 | -51.1% |
| CPO Extraction Rate | 19.6% | 20.7% | -5.3% |
| CPO production (tonnes) | 1,107 | 2,379 | -53.5% |
| CPO Sales (tonnes) | 1,010 | 3,340 | -69.8% |
| Average CPO price per tonne | €952 | €778 | 22.4% |
| Palm Kernel Oil ('PKO') production (tonnes) | 121 | 195 | -37.9% |
| PKO Sales (tonnes) | 128 | Nil | n/a |
| Average PKO price per tonne | €1,175 | n/a | n/a |
Lincoln Moore, Dekel's Executive Director, said: "CPO production was seasonally lower due to the earlier onset of low-season conditions compared to the late low season last year. This was partially offset by continued strong CPO pricing momentum in July, with prices rising 22.4% year-on-year. The Cashew Operation delivered a record-breaking month, processing 533 tonnes of RCN - an 423% increase vs. July 2024 - positioning the Cashew Operation to achieve full-year EBITDA profitability for the first time. Additional shelling capacity is enroute, with a further uplift in daily RCN throughput expected from October."
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 |
| Optiva Securities Limited (Joint Broker) Christian Dennis Daniel Ingram | +44 (0) 203 137 1903 |
Notes:
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.