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DekelOil notches up another record month for palm oil production

DekelOil notches up another record month for palm oil production

DekelOil’s (LON:DKL) crude palm oil production hit a new record in April and this year’s output has now exceeded the whole of 2014's.

Production through its extraction mill in the Ivory Coast in April was 4,818 tonnes, taking the total so far in 2015 to 14,496 tonnes compared to 14,472 tonnes in 2014.

April is the start of the peak harvesting season and production is expected to remain very strong until June.

DekelOil also produced 825 tonnes of kernels in April.  

Lincoln Moore, executive director, said, "Our production and sales continue to go from strength to strength and we are delighted to have exceeded 2014's total production in just four months into the current year and to have another month of record production. 

“This significant achievement demonstrates our strong commitment to delivering on our strategy to increase production at our Mill towards its 70,000 tonnes per annum capacity and we are confident we will continue to hit our future milestones."

Last month Moore said production in the first half of the year should be between 20,000-22,000 tonnes, while production over the year was on course for 35,000 tonnes compared to a previous forecast of 30,000.

A new kernel crushing plant is scheduled to come on stream by the end of the year that will double capacity.

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Dekeloil Public Ltd Timeline

January 17 2017
January 16 2017

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