The cashews are coming for Dekel Agri-Vision PLC
“…2021 is shaping up to be the transformative year Dekel Agri-Vision hoped it would be…”
While a picture paints a thousand words, due to the myriad of ambiguous interpretations that can be extrapolated from a static image, the videos being released by Dekel Agri-Vision show exactly what’s occurring. Raw cashew nuts arriving on site. The company is without a doubt preparing for second commodity production.
The videos are hand held, there’s little panning finesse, but the cashew processing plant footage shows a pristine plant with azure blue flooring oozing cleanliness and waiting for work.
Romantic visions aside, Dekel’s legacy and mainstay business is palm oil. And the latest production figures reveal a really strong first four months of the year. Executive director Lincoln Moore points out the “double digit drivers of production and price.”
As high season ends, and supply becomes tighter, Moore anticipates prices will remain high. “The overwhelming strength is pricing and I will be very confident to say our gross margin percentage will be materially ahead of last year.”
And this is before the cashews are factored in which Moore and the board believe “will be more profitable than the palm oil business.”
Cashews come on stream in the second half of the year and then tantalisingly investors are waiting the green light on the as yet unannounced third commodity and clean energy initiative the board remains tight lipped about.
Listen to Lincoln talk to Sarah Lowther about prices, production, products, free medicare for farmers and the ‘RSPO’ which for the uninitiated is Roundtable on Sustainable Palm Oil.
Video diaries about the raw cashew nut processing project can be viewed on @DekelAgriVision
The author was remunerated but does not hold shares in the company