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(Sharecast News) - Dekel Agri-Vision said on Wednesday that crude palm oil production rose sharply in May, marking a third consecutive month of year-on-year growth at its Ayenouan palm oil operation in Cte d'Ivoire.
The AIM-traded West African agriculture company said crude palm oil production increased 31.9% to 4,443 tonnes in May, from 3,369 tonnes a year earlier, as fresh fruit bunches processed rose 27.0% to 19,932 tonnes.
The crude palm oil extraction rate improved to 22.3% from 21.5%, while sales volumes increased 39.3% to 4,743 tonnes from 3,404 tonnes.
Dekel said average crude palm oil selling prices remained robust at 952 per tonne, broadly in line with 956 per tonne in May 2025.
It said local prices continued to trade at a discount to international crude palm oil prices, which remained above 1,200 per tonne, but expected local pricing to strengthen as production levels moderated in the coming months.
Palm kernel oil production fell 21.3% to 214 tonnes, while sales declined 39.3% to 128 tonnes, which Dekel attributed to the batch nature of production and sales.
Average palm kernel oil prices increased 3.8% to 1,362 per tonne from 1,312.
At the company's cashew processing plant in Tiebissou, Dekel said May delivered solid operational performance, with about 650 tonnes of raw cashew nuts processed during the month.
Cashew sales volumes and prices remained stable, reflecting steady underlying demand.
The company said quarterly production and sales data for the cashew operation would be reported in July.
Chief executive officer Youval Rasin said Dekel was pleased with another strong month for the palm oil operation, with higher production and an improved extraction rate positioning the business for a strong first half.
"With international CPO prices continuing to trade at elevated levels, market conditions remain supportive as production enters its seasonal low period," he said.
"Meanwhile, the Cashew Operation continues to deliver stable processing and sales performance, providing a solid platform for further growth."
At 1050 BST, shares in Dekel Agri-Vision were down 6.4% at 0.35p.
Reporting by Josh White for Sharecast.com.
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