Dekel Agri-Vision PLC - West Africa-focused agriculture company - For November, crude palm oil production grew by 38% to 1,530 tonnes from 1,108 tonnes the same month the year before, as the average price rose by 26% to EUR664 per tonne from EUR525.
In addition, November palm kernel oil production rose by 13% to 177 tonnes, as the price per tonne rose by 5.2% to EUR61 from EUR58.
"For the second consecutive month, we are reporting double-digit increases in CPO production, sales and prices compared to the equivalent period last year. Following material year on year improvements in the first half, we are increasingly confident that, with just one month to go, FY 2020 numbers will show a material improvement compared to FY2019 and at least hit market forecasts," said Executive Director Lincoln Moore.
Current stock price: 3.60 pence
Year-to-date change: down 1.4%
By Dayo Laniyan; dayolaniyan@alliancenews.com
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Dekel Agri (DKL)