12th Aug 2024 12:59
Dekel Agri-Vision PLC - West Africa-focused agriculture project developer with a palm oil operation and a cashew processing plant in the Ivory Coast - Says its Ayenouan palm oil project "delivered another solid month" with crude palm oil production rising 6.6% in July to 2,379 tonnes from 2,231 tonnes in the same month last year. Sales however dropped 41% to 3,340 tonnes from 5,623 tonnes, while the average price decreased 4.4% to EUR778 per tonne from EUR814. The CPO extraction rate increased to 20.7% from 19.3%. Dekel says however that year to date CPO production met market expectations; prices remained "historically strong"; and decreased sales quantities were "purely [due to] a timing difference" with last year's peak having occurred later in the first half. Read More
