Dekel Agri-Vision reports strong start for palm oil on price rises

(Alliance News) - Dekel Agri-Vision PLC on Monday said its palm oil operation had a "strong start" to the year, as crude palm oil prices climbed in January.

The West Africa-focused agricultural company said January crude palm oil revenue showed a "significant increase" compared to the same period last year.

Shares in Dekel Agri-Vision were up 11% to 1.30 pence in London on Monday morning.

Sales volume grew 14% in January to 2,667 tonnes from 2,336 tonnes in the previous year. The average price per tonne rose 35% to EUR994 from EUR737.

The firm noted that crude palm oil production slipped by 2.6% to 2,766 tonnes from 2,839 tonnes.

It said the palm kernel oil price saw a "substantial rise" compared to previous months as international prices rises began to be reflected locally.

Dekel Agri-Vision said the "positive trend" in its Cashew Operations continued. Results improved significantly and it anticipates its first positive earnings before interest, tax, depreciation and amortisation performance in the year ahead, the company said.

Executive Director Lincoln Moore said: "The Palm Oil Operation began 2025 on a strong note, with CPO sales prices increasing by 35% compared to January 2024. Improved extraction rates and higher sales volumes have also driven significant revenue growth. With international prices expected to remain high and production set to increase, this positive trend is anticipated to continue in the coming months."

By Michael Hennessey, Alliance News reporter

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