Dekel Agri-Vision PLC - West Africa agricultural company - Says Tiebissou cashew processing plant in Ivory Coast produced 533 tonnes of raw cashew nut during first quarter of 2023, and notes increasing daily production during the period. 10 tonnes of RCN were processed per day in the first three months of the year, and is expected to continue rising to between 20 and 25 tonnes a day.
Dekel Agri-Vision says increase in production is "largely being driven" by the installation of a shelling station. Peeled cashews have been sold at an average of EUR4,500, in line with expectations. Feedback from the US and European markets has been "favourable" compared to its competitors. "[This] positions us well to enhance prices as we become a consistent, high quality producer of cashews," Dekel says.
Current stock price: 2.50 pence each, up 6.4% on Thursday afternoon in London
12-month change: down 49%
By Sabrina Penty; Alliance News reporter
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Dekel Agri (DKL)