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August Palm Oil & Cashew Update

In brief · summary, not quotable

Dekel Agri-Vision Plc reported its August 2026 production figures, showing a 10.3% decrease in Crude Palm Oil (CPO) production to 702 tonnes compared to the previous year, attributed to the seasonal low period, though early September data indicates improvement. CPO sales volumes fell 25.7% to 642 tonnes, with prices stable at €945 per tonne. Palm Kernel Oil (PKO) production significantly increased by 114.5% to 178 tonnes, with sales prices rising 10.3% to €1,334 per tonne. The Cashew Operation processed 681 tonnes of Raw Cashew Nuts, a 16.3% increase year-on-year, with production and sales volumes up 66.6% and 113.7% respectively.

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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, provides an August production update for its Ayenouan palm oil project in Côte d'Ivoire ('Palm Oil Operation') and commentary on monthly production at the cashew processing plant at Tiebissou, Côte d'Ivoire (the 'Cashew Operation').

Key Performance Metrics: August 2026 vs. August 2025

  • Crude Palm Oil (CPO) Production: CPO production decreased by 10.3% in August 2026 compared to August 2025, as the Palm Oil Operation continued through its seasonal low period. Encouragingly, early September data suggests we have now passed the low season trough, with CPO production levels beginning to improve. CPO sales volumes fell by 25.7%, reflecting the timing of sales as the Company sought to optimise realised pricing. CPO continues to be sold into the domestic market, where demand remains strong. The CPO extraction rate remained stable at 19.4% compared to August 2025.
  • CPO Sales Prices: CPO selling prices remained broadly stable at €945 per tonne during the month, a decrease of 1.2% compared to August 2025 (€956 per tonne). As noted previously, local CPO prices continue to trade at a discount to international CPO prices, which remain elevated at above €1,200 per tonne.
  • Palm Kernel Oil (PKO) Sales and Prices: PKO sales prices increased to €1,334 per tonne, representing an increase of 10.3% compared to August 2025. As anticipated in last month's update, PKO production remained at elevated levels during August, up 114.5% year-on-year, reflecting the higher than normal kernel stock on hand flagged previously.
  • Cashew Operation: Raw Cashew Nut (RCN) Processing: The Cashew Operation continued its positive momentum including:

o RCN processed totalling 681 tonnes in August 2026, an increase of 16.3% compared to August 2025.

o Cashew production and sales volumes increasing materially year-on-year, up 66.6% and 113.7% respectively.

o Detailed quarterly production and sales data for the Cashew Operation will be reported in October 2026.

Aug-26Aug-25Change
FFB processed (tonnes)3,6244,035-10.2%
CPO Extraction Rate19.4%19.4%-
CPO production (tonnes)702783-10.3%
CPO Sales (tonnes)642864-25.7%
Average CPO price per tonne€945€956-1.2%
Palm Kernel Oil ('PKO') production (tonnes)17883114.5%
PKO Sales (tonnes)272358-24.0%
Average PKO price per tonne€1,334€1,20910.3%

Youval Rasin, Dekel's Chief Executive Officer, said: "Our Palm Oil Operation remained in its seasonal low period, with CPO production down 10.3% year-on-year. Encouragingly, early September data suggests we have now passed the low season trough, with CPO production levels beginning to improve. Our Palm Kernel Oil volumes were strong, with production up 114.5% following the elevated kernel stock levels we flagged last month. Our Cashew Operation continued to perform well, with RCN processed up 16.3% year-on-year to 681 tonnes, and cashew production and sales up 66.6% and 113.7% respectively. We remain confident in the Cashew Operation's continued solid growth year on year heading into the fourth quarter."

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 Broker) James Joyce Darshan Patel Matthew Diaz-Rainey+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 60,000 tpa capacity crude palm oil mill and a cashew processing project in Tiebissou, which is currently scaling up production.

Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.

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