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IN BRIEF: Dekel Agri sees bumper quarter as palm oil prices rise

8th Oct 2021 18:07

Dekel Agri-Vision PLC - West Africa-focused agriculture company - Says third quarter of 2021 crude palm oil output rises 3.6% year-on-year to 2,035 tonnes. Crude palm oil sales increased 3.5% to 2,046 tonnes. Says palm oil prices are at record high, up 58% year-on-year in the third quarter to EUR954 per tonne.

"We are pleased by the continuing growth we have seen in our CPO production during Q3 2021. Given global CPO prices are currently trading at an all time high, we are very well positioned to continue this strong period of financial growth into 2022," says company.

Current stock price: 4.75 pence

Year-to-date change: up 10%

By Greg Roxburgh; [email protected]

Copyright 2021 Alliance News Limited. All Rights Reserved.


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