REG - Dekel Agri-Vision - Cashew Operation Update

Dekel Agri-VisionAnnouncement

24/08/2023 07:00

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RNS Number : 2538K  Dekel Agri-Vision PLC  24 August 2023

 

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.

 

Dekel Agri-Vision Plc / Index: AIM / Epic: DKL / Sector: Food Producers

 

Dekel Agri-Vision Plc

('Dekel' or the 'Company')

Cashew Operation Update - Global Food Certification Received

 

Dekel Agri-Vision Plc (AIM: DKL), the West African agriculture company focused
on building a portfolio of sustainable and diversified projects, is pleased to
confirm it has passed the BRC Global Food standard assessment ('BRC') at our
large-scale cashew processing plant at Tiebissou, Côte d'Ivoire (the 'Cashew
Operation').

 

Key Highlights

·      The BRC assessment was passed with a grade A, the highest
possible grade accreditation.

·      The Cashew Operation has now passed all related international
food and safety accreditations.

·      Whilst the Company has already commenced sales in the US and
Europe, the BRC accreditation is important when trading with blue chip cashew
buyers and a key part of our strategy to achieve premium prices in the near
future.

·      The Cashew Operation daily production volumes continue to
gradually improve compared to Q2 2023 and a further update will be provided on
Q3 2023 operations during October 2023.

 

Lincoln Moore, Dekel's Executive Director, said: "Completing all food and
safety accreditation with the highest possible grade is a key milestone and is
a testament to the quality of our Cashew Operation and management team.  We
now focus on becoming a consistent high quality producer of Cashews for our
growing list of customers as we seek to maximise prices for our high quality
cashew products."

 

** ENDS **

 

For further information, please visit the Company's website
www.dekelagrivision.com or contact:

 

 Dekel Agri-Vision Plc                     +44 (0) 207 236 1177

 Youval Rasin

 Shai Kol

 Lincoln Moore

 WH Ireland Ltd (Nomad and Joint Broker)   +44 (0) 20 7220 1666

 James Joyce

 Darshan Patel

 Optiva Securities Limited (Joint Broker)  +44 (0) 203 137 1903

 Christian Dennis

 Daniel Ingram

 

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 is currently transitioning to full commercial
production in 2023.

 

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