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Agriculture company Dekel Agri-Vision said it was on track to deliver a material uplift on first-half financial results compared to last year following 'excellent' production, sales and pricing performances in Q1
Record monthly crude palm oil production volumes in March of 6,895 tonnes, a 9% increase on March 2020, took Q1 production to 71,500, up 27.92% from last year.
CPO sales rose 26% to 13,921 tonnes during Q1 at an average realised price of €794 per tonne, up 20% from a year earlier.
'Not only are volumes of CPO produced and sold significantly up on the prior year but so too are average realised prices. This combination is driving a very strong H1 financial performance,' the company said.
At 8:43am: (LON:DKL) DekelOil Public Ltd share price was 0p at 2.55p