Dekel Agri-Vision looks as sweet as a Nut for 2021
“…Cashew nut production, a third commodity and clean energy are coming for Dekel Agri-Vision…”
January 2021 saw the crude palm oil futures contract hitting its highest level in nearly 12 years and confirmed the current palm oil high season is indeed going to be a ‘high’light for Dekel Agri-Vision.
It’s the continuation of Dekel’s positive narrative against a backdrop of constrained global supply of the world’s most used vegetable oil. Recently published full year palm oil production update revealed double-digit increases in CPO production, sales and prices in the last three months of 2020, and as a result Dekel believes FY 2020 financial results “are on course to show a material improvement on FY 2019.”
While the West African focused agriculture company is known primarily for palm oil, executive director Lincoln Moore has multi-commodity aspirations. He’s optimistic cashew nuts have greater margin potential and the company’s cashew processing plant is promised for a Q2 2021 launch.
Lincoln tells Sarah Lowther that Dekel’s evolution won’t stop at the cashews because a third commodity and clean energy are on the company’s agenda, and why he’s hopeful the share price will reach 12p by the summer.
Watch the progress of the cashew nut processing plant in full assembly mode below:
Dekel Agri-Vision is also featured by @TMSreach as one of its 12 companies to follow in 2021. Click here to view.
The author was remunerated but does not hold shares in the company