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DekelOil Palm Oil Production Fell in 2018; Maintained Premium Pricing

From: Dow Jones Institutional News

DekelOil Public Ltd. (DKL.LN) said Thursday that production at its Ayenouan palm oil project in the Ivory Coast fell in 2018, but it continued to deliver premium pricing.

The company said crude palm oil production fell 15% to 33,077 metric tons in 2018 due to a weak peak harvesting season across the region. DekelOil said second-half production recovered to more normal levels and it is optimistic of continued recovery into 2019.

DekelOil said its average crude palm oil sales achieved a 19% premium to international prices in the fourth quarter due to increased local demand. The company said it expects premiums to continue in the first quarter of 2019.

Shares at 0950 GMT were up 7.9% at 3.40 pence.

Write to Adam Clark at; @AdamDowJones

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