REG - Dekel Agri-Vision - Q1 2026 Palm Oil and Cashew Production Update

Dekel Agri-VisionAnnouncement

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RNS Number : 8878Z  Dekel Agri-Vision PLC  10 April 2026

 

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.

 

10 April 2026

 

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

 

Dekel Agri-Vision Plc

('Dekel' or the 'Company')

Q1 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 Q1 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: Q1 2026 vs. Q1 2025

·     Palm Oil Operational Highlights: For Q1 2026, the Palm Oil
Operation has delivered a strong pickup in Crude Palm Oil ('CPO') production
volumes during March, following a softer start to the year, while CPO sales
prices have remained at historically high levels. The production momentum
associated with the high season has continued into April, which is expected to
be a particularly strong month.

·     CPO Production: 10,443 tonnes, reflecting a modest decrease of
4.9%. Importantly, CPO production increased by 21% in March 2026 compared to
March 2025, marking the commencement of the high season, which is expected to
continue into April 2026.

·    CPO Extraction Rate: Slightly lower at 21.7% but remaining at robust
levels relative to historical performance.

·     CPO Sales Volume: Decreased by 11.0%, largely due to higher CPO
production being achieved later in Q1. This is expected to translate into
increased CPO sales volumes during Q2 2026.

·    CPO Sales Price: Remained at elevated historical levels and broadly
stable year-on-year at €968 per tonne. International CPO prices have
increased significantly over the past month to above €1,200 per tonne, and
if sustained, are expected to flow through to higher local pricing later in
the year.

·     PKO Sales: PKO sales prices continue to be very strong, with
prices close to record highs at €1,335 per tonne. The decrease in PKO sales
reflects the batch nature of sales, which is expected to result in higher
sales volumes in the coming months.

 

                                              Q1-2026   Q1-2025   Change

 FFB processed (tonnes)                       47,593    49,512    -3.9%
 CPO Extraction Rate                          21.9%     22.2%     -1.4%
 CPO production (tonnes)                      10,443    10,982    -4.9%
 CPO Sales (tonnes)                           8,061     10,343    -22.1%
 Average CPO price per tonne                  €968      €968      Nil
 Palm Kernel Oil ('PKO') production (tonnes)  535       674       -20.6%
 PKO Sales (tonnes)                           115       615       -81.3%
 Average PKO price per tonne                  €1,335    €1,217    9.7%

 

Cashew Operation Key Performance Metrics: Q1 2026 vs. Q1 2025

·    Cashew Operational Highlights: In line with forecasts, the Cashew
Operation is performing strongly and is tracking ahead of last year, with
cashew production and sales volumes up 73.5% and 144.8% respectively. The
Group expects to continue building on last year's momentum, with higher
processing levels and continued improvement in financial performance.

·    RCN Purchasing and Processing: Raw Cashew Nut ('RCN') processing
returned to normalised levels during March, following a period of stock
conservation ahead of the commencement of the RCN buying season, which is now
underway. RCN processing volumes increased by 38.5%. RCN purchasing and
processing included 755 tonnes of third-party RCN to produce a specialised
unpeeled product, which continues to deliver margins comparable to internally
processed RCN. The accounting treatment of third-party RCN, whether fully
consolidated or recognised on a margin basis, will be confirmed as part of the
year-end financial audit.

·    Processing Efficiency: The extraction rate of 30% was strong,
although it includes a significant contribution from unpeeled cashews related
to third-party RCN which has higher extraction rate. The normalised extraction
rate of c.22-23% for internal RCN remains consistent with FY 2025. The Group
continues to see improvements in whole-to-broken nut ratios, alongside ongoing
enhancements in peeling performance.

·     Production & Sales: Higher processing volumes are translating
directly into increased output and sales:

o  Cashew production increased by 73.5%

o  Cashew sales volumes increased by 144.8%

·    Sales Prices: Prices for cashews (excluding third-party processed
stock) decreased by 27.6%. Prices achieved in Q1 2026 reflected a relatively
higher proportion of lower-priced mixed cashew grades, with overall pricing
trends broadly consistent with levels achieved in the latter half of 2025,
following the relatively elevated prices seen in the early 2025 comparison
period.

 

                                                 Q1-2026   Q1-2025   Change

 RCN Inventory
 Opening RCN Inventory (tonnes)                  1,137     742       53.2%
 RCN Purchased (tonnes)                          1,103     1,684     -34.5%
 RCN Processed (tonnes)                          (1,217)   (879)     38.5%
 Closing RCN Inventory (tonnes)                  1,023     1,547     -33.9%

 Cashew Processing
 Opening Cashews (tonnes)                        159       79        101.3%
 RCN Processed (tonnes)                          1,217     879       38.5%
 Cashew Extraction Rate                          30.0%     24.0%     25.0%
 Cashew Produced (tonnes)                        366       211       73.5%
 Cashew Sales (tonnes)                           421       172       144.8%
 Closing Cashews (tonnes)                        104       118       -11.9%

 Average Sales prices per tonne
 -       Peeled Cashews (including mixed)        €4,200    €5,800    -27.6%

 

Youval Rasin, Dekel's Chief Executive Officer, said: "The Company delivered a
strong start to 2026 across both the Palm Oil and Cashew Operations. Palm Oil
production rebounded in March, marking the onset of the high season, while
Crude Palm Oil and Palm Kernel Oil prices remain at historically elevated
levels. Meanwhile, the Cashew Operation continues its momentum with production
and sales volumes significantly ahead of last year. The Company expects these
positive trends to continue in Q2 2026."

 

** 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

 Zeus (Nomad and Joint Broker)             +44 (0) 203 829 5000

 James Joyce

 Darshan Patel

 John Moran

 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 has recently shifted into full commercial
production.

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