Dekel Agri-Vision sees seasonal palm oil decline as cashew processing hits record

Dekel Agri-Vision (LSE:DKL) reported mixed production trends across its Côte d’Ivoire operations in July 2026, with its palm oil business entering the seasonal low period while its cashew division achieved a new monthly processing record. The West Africa-focused agribusiness operates a 60,000-tonne-per-year crude palm oil mill in Ayenouan alongside its expanding cashew processing facility in Tiebissou, providing the group with exposure to two agricultural commodities.

Crude palm oil production fell 15.4% year-on-year to 936 tonnes during July, reflecting the seasonally quieter period for the palm oil operation. Despite the lower volumes, extraction rates and selling prices remained broadly stable. Performance from palm kernel oil was considerably stronger, with production increasing 62% from a year earlier and sales jumping 232%, supported by greater availability of kernel stocks and resilient pricing.

The cashew operation continued to make progress during the month, processing approximately 800 tonnes of raw cashew nuts and establishing a new monthly record. Demand remained stable, providing further evidence of the facility’s ongoing production ramp-up and supporting Dekel’s strategy of diversifying its revenue base beyond palm oil.

However, the company continues to face financial pressures. Persistent losses, elevated leverage, declining equity and a return to cash burn during 2025 remain key challenges. From a technical perspective, the shares continue to trade below major moving averages with a negative MACD, although an RSI approaching oversold territory provides a modest counterbalance. Valuation also remains difficult to assess while the business is loss-making, resulting in a negative price-to-earnings ratio, while the absence of a dividend yield offers limited additional support.

More about Dekel Agri-Vision

Dekel Agri-Vision is a West African agricultural company developing a portfolio of sustainable, multi-commodity operations in Côte d’Ivoire. Its assets include a fully operational crude palm oil mill at Ayenouan, which processes fruit sourced from local smallholders, and a cashew processing facility at Tiebissou that is progressively increasing production volumes.