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Dekel Agri-Vision PLC on Tuesday issued a production update for August relating to its Ayenouan palm oil project in the Ivory Coast. The West Africa-focused agriculture project developer said crude palm oil production at Ayenouan increased 15% in August to 1,621 tonnes from 1,416 tonnes a year prior while CPO sales fell 0.5% to 1,777 tonnes from 1,786 tonnes. Average prices in August reduced by 5.1% to €780 from €822 per tonne last year. Prices however rose 0.3% month-on-month from €778 per tonne in July. ‘International CPO prices increased during August from around €900 to close to €975 per tonne. While local prices continue to trade below the international price, we expect to see an ongoing gradual increase in our local CPO sales prices in September onwards should international prices remain buoyant,’ Dekel commented. Dekel Agri-Vision shares were down 4.0% at 1.20 pence each in London on Tuesday afternoon. Copyright 2024 Alliance News Ltd. All Rights Reserved.
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