Dekel Agri-Vision - Q3 2026 Palm Oil and Cashew Production Update
This announcement contains inside information for the purposes of Article 7 of the UK version of Regulation (EU) No 596/2014 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018, as amended ("MAR"). Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.
9 October 2026
Dekel Agri-Vision Plc / Index: AIM / Epic: DKL / Sector: Food Producers
Dekel Agri-Vision Plc
(‘Dekel’ or the ‘Company’)
Q3 2026 Palm Oil and Cashew Production Update
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.”
** ENDS **
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:
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 60,000tpa capacity crude palm oil mill and a cashew processing project in Tiebissou, which has recently shifted into full commercial production.
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