Dekel Agri-Vision reports mixed start to year
By Josh White
Date: Friday 10 Apr 2026
(Sharecast News) - Dekel Agri-Vision reported a mixed performance across its palm oil and cashew operations for the first quarter of 2026 on Friday, with softer palm oil output offset by strong growth in cashew production and sales.
The AIM-traded West African agriculture group said crude palm oil production at its Ayenouan project in Côte d'Ivoire fell 4.9% year-on-year to 10,443 tonnes, reflecting a slower start to the year.
However, production rebounded in March, rising 21% compared with the same month in 2025, marking the start of the high season, which had continued into April.
Palm oil sales volumes declined, with crude palm oil sales down 22.1% to 8,061 tonnes, largely due to the timing of production later in the quarter.
Prices remained stable at historically elevated levels of €968 per tonne, while international prices have recently risen above €1,200 per tonne, which the company expected to support higher local pricing later in the year.
Palm kernel oil production fell 20.6% to 535 tonnes, with sales volumes also lower due to the batch nature of transactions, although prices increased 9.7% to €1,335 per tonne.
In contrast, the group's cashew processing operation in Tiebissou delivered strong growth, with production up 73.5% to 366 tonnes and sales volumes rising 144.8% to 421 tonnes.
Processing volumes increased 38.5% as operations normalised following earlier stock conservation, while the extraction rate reached 30%, supported in part by third-party raw cashew nut processing.
Cashew prices declined 27.6% year-on-year to €4,200 per tonne, reflecting a higher proportion of lower-priced mixed grades and a normalisation from elevated levels seen in early 2025.
Chief executive Youval Rasin said the group had made a solid start to the year.
"The company delivered a strong start to 2026 across both the palm oil and cashew operations," Rasin said.
"Palm oil production rebounded in March, marking the onset of the high season, while crude palm oil and palm kernel oil prices remain at historically elevated levels.
"Meanwhile, the cashew operation continues its momentum with production and sales volumes significantly ahead of last year.
"The company expects these positive trends to continue in the second quarter of 2026."
At 1142 BST, shares in Dekel Agri-Vision were down 4.47% at 0.41p.
Reporting by Josh White for Sharecast.com.
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