Dekel Agri-Vision (LSE:DKL) delivered a mixed operational update for the first quarter of 2026, with its palm oil segment showing early signs of recovery while its cashew division recorded significant growth. Crude palm oil production declined 4.9% year on year, although output improved sharply in March as the seasonal high period began. Lower sales volumes reflected the timing of production, but elevated selling prices for both crude palm oil and palm kernel oil position the business for stronger revenue conversion in the second quarter.
The group’s cashew operations stood out, with raw nut processing rising 38.5%, production increasing 73.5%, and sales volumes surging 144.8%. This performance was supported by improved efficiency and the inclusion of third-party raw cashew inputs. While average prices per tonne declined due to a higher proportion of lower-grade products, management expects continued expansion in both processing volumes and financial contribution from the cashew segment.
Overall, Dekel’s outlook remains mixed. Ongoing financial challenges and weak technical indicators continue to weigh on sentiment, reflecting broader operational and market pressures. However, recent progress in scaling the cashew business and improving production trends provides some encouragement for future performance. Valuation remains a concern given the company’s lack of profitability.
More about Dekel Agri-Vision
Dekel Agri-Vision is an agriculture-focused company operating in Côte d’Ivoire, developing sustainable, multi-commodity projects. Its assets include a crude palm oil mill at Ayenouan, which processes fruit sourced from local smallholders, and a cashew processing facility at Tiebissou that has recently reached full commercial production.
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