Dekel Agri-Vision (LSE:DKL) said crude palm oil output at its Ayenouan project declined 33.2% year on year in January 2026, reflecting lower fresh fruit bunch intake and a modest reduction in extraction rates versus the prior year. While volumes were weaker, realised palm oil prices remained firm at around €991 per tonne. Management also noted that daily production rates began to improve in early February as operations move toward the seasonally stronger period.
Palm kernel oil performance was more encouraging, with production increasing significantly and the majority of available inventory already sold forward into February, providing near-term revenue visibility. At the Tiebissou cashew facility, processing activity was deliberately scaled back in January to conserve raw cashew nut supplies. The company expects to resume full-capacity operations during February, supported by available working capital facilities. In parallel, continued third-party cashew processing is being used to enhance efficiency and operational performance as the business progresses through 2026.
Overall, the outlook continues to be shaped by operational variability and weak underlying financial metrics, which weigh on valuation. However, recent corporate developments and improving trends in both palm and cashew operations offer some scope for performance recovery as the year progresses.
More about Dekel Agri-Vision
Dekel Agri-Vision is a West Africa-focused agricultural company with a portfolio of sustainable, multi-crop assets in Côte d’Ivoire. Its operations include a fully operational crude palm oil mill at Ayenouan, sourcing fruit from local smallholder farmers, and a cashew processing plant at Tiebissou that is in the process of scaling up production.
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