Q3 2026 Palm Oil and Cashew Production Update
Dekel Agri-Vision Plc reported its Q3 2026 production update, with Crude Palm Oil (CPO) production at 2,709 tonnes, a slight 0.7% decrease year-on-year, while Palm Kernel Oil (PKO) production more than doubled to 551 tonnes, supported by historically elevated sales prices for both products. The Cashew Operation achieved its strongest quarter to date, processing 2,130 tonnes of Raw Cashew Nuts (RCN) and increasing cashew production and sales by 71.1% and 72.3% respectively, reaching 657 tonnes and 679 tonnes, though average cashew sales prices saw a 2.0% decrease to €4,800 per tonne.
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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 its Q3 2026 production update for both the Ayenouan palm oil project (‘Palm Oil Operation’) and the Tiebissou cashew processing plant (the ‘Cashew Operation’) in Côte d’Ivoire.
Palm Oil Operation Key Performance Metrics: Q3 2026 vs. Q3 2025
Palm Oil Operational Highlights: Q3 represents the seasonal low point for Fresh Fruit Bunch (‘FFB’) availability. Despite this, the Palm Oil Operation delivered Crude Palm Oil (‘CPO’) production broadly in line with Q3 2025, with a stronger finish to the quarter in September. Palm Kernel Oil (‘PKO’) production more than doubled year-on-year, reflecting the processing of palm kernel stock held at 30 June 2026, as announced on 10 July 2026, while CPO and PKO sales prices remained at historically elevated levels.
CPO Production: 2,709 tonnes, a marginal decrease of 0.7% compared to Q3 2025. Following softer volumes in July and August, CPO production increased by 27.9% in September 2026 compared to September 2025.
CPO Extraction Rate: Stable year-on-year at 19.4%.
CPO Sales Volume: Decreased by 6.6% to 2,535 tonnes. CPO production exceeded sales by c.170 tonnes during the quarter, with this volume available for sale in Q4 2026.
CPO Sales Price: Remained at historically elevated levels at €951 per tonne, broadly stable year-on-year (down 1.3%).
PKO Production and Sales: PKO production increased by 103.3% to 551 tonnes and PKO sales volumes increased by 79.2% to 948 tonnes, reflecting sales of PKO stock built up during H1 2026 (H1 2026: production 1,201t vs sales 848t). PKO sales prices increased by 6.4% to €1,334 per tonne, broadly in line with H1 2026.
| Q3-2026 | Q3-2025 | Change | |
|---|---|---|---|
| FFB processed (tonnes) | 13,988 | 14,039 | -0.4% |
| CPO Extraction Rate | 19.4% | 19.4% | Nil |
| CPO production (tonnes) | 2,709 | 2,727 | -0.7% |
| CPO Sales (tonnes) | 2,535 | 2,713 | -6.6% |
| Average CPO price per tonne | €951 | €964 | -1.3% |
| Palm Kernel Oil (‘PKO’) production (tonnes) | 551 | 271 | 103.3% |
| PKO Sales (tonnes) | 948 | 529 | 79.2% |
| Average PKO price per tonne | €1,334 | €1,254 | 6.4% |
Cashew Operation Key Performance Metrics: Q3 2026 vs. Q3 2025
Cashew Operational Highlights: The Cashew Operation delivered its strongest quarter to date, processing 2,130 tonnes of Raw Cashew Nuts (‘RCN’), an average of c.710 tonnes per month and above the 700-tonne monthly run rate previously targeted. Cashew production and sales volumes increased by 71.1% and 72.3% respectively, both the highest quarterly levels achieved to date.
RCN Purchasing and Processing: Q3 falls outside the main RCN buying season. RCN purchases of 1,637 tonnes comprised 1,491 tonnes of third-party RCN processed into a specialised unpeeled product and 146 tonnes of internal RCN. RCN processing volumes increased by 28.6%, including 639 tonnes of internal RCN and 1,491 tonnes of third-party RCN (Q3 2025: 1,001 tonnes). Third-party RCN continues to deliver margins comparable to internally processed RCN.
Processing Efficiency: The headline extraction rate of 30.9% includes a significant contribution from unpeeled cashews produced from third-party RCN, which carry a higher extraction rate. The normalised extraction rate for internal RCN was 22.3%, consistent with Q3 2025 (22.4%) and in line with industry standards.
Production & Sales: Higher processing volumes continue to translate directly into increased output and sales:
Cashew production increased by 71.1% to 657 tonnes
Cashew sales volumes increased by 72.3% to 679 tonnes, including 515 tonnes produced from third-party RCN (Q3 2025: 240 tonnes)
Sales Prices: Average sales prices for cashews (excluding third-party processed stock) were €4,800 per tonne, 2.0% lower than Q3 2025.
| Q3-2026 | Q3-2025 | Change | |
|---|---|---|---|
| RCN Inventory | |||
| Opening RCN Inventory (tonnes) | 1,086 | 2,657 | -59.1% |
| RCN Purchased (tonnes) | 1,637 | 1,037 | 57.9% |
| RCN Processed (tonnes) | (2,130) | (1,656) | 28.6% |
| Closing RCN Inventory (tonnes) | 593 | 2,038 | -70.9% |
| Cashew Processing | |||
| Opening Cashews (tonnes) | 111 | 110 | 0.9% |
| RCN Processed (tonnes) | 2,130 | 1,656 | 28.6% |
| Cashew Extraction Rate | 30.9% | 23.2% | 33.0% |
| Cashew Produced (tonnes) | 657 | 384 | 71.1% |
| Cashew Sales (tonnes) | 679 | 394 | 72.3% |
| Closing Cashews (tonnes) | 89 | 100 | -10.0% |
| Average Sales prices per tonne | |||
| - Peeled Cashews (including mixed) | €4,800 | €4,900 | -2.0% |
Youval Rasin, Dekel’s Chief Executive Officer, said: “Q3 is seasonally the quietest period for the Palm Oil Operation, and we are pleased to have delivered CPO production broadly in line with last year, alongside a doubling of PKO production and continued strong CPO and PKO prices. The Cashew Operation delivered its strongest quarter to date, processing over 2,100 tonnes of RCN, an average of more than 700 tonnes per month, with cashew production and sales both up more than 70% year-on-year. With September showing a pickup in palm oil volumes, we look forward to the high season commencing in the new year.”
For further information, please visit the Company's website www.dekelagrivision.com or contact:
| Dekel Agri-Vision Plc Youval Rasin Shai Kol | +44 (0) 207 236 1177 |
| Zeus (Nomad and Joint Broker) James Joyce Darshan Patel Matthew Diaz-Rainey | +44 (0) 203 829 5000 |
Notes:
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