Dekel Agri-Vision Plc (AIM: DKL), the West African multi-commodity agriculture company, has published its October 2026 production update covering both its Ayenouan palm oil project and its Tiebissou cashew processing operation in Côte d'Ivoire. Crude palm oil output rose 30.2% year-on-year as the operation moved out of its seasonal low period, while sales volumes climbed 41.6% to 1,594 tonnes. The company also confirmed plans, subject to completion of a fundraising, to expand raw cashew nut processing capacity by approximately 50% ahead of the 2027 season, a development investors in the AIM-listed stock are likely to monitor closely.

Key Points

  • Dekel Agri-Vision Plc (AIM: DKL) — West African multi-commodity agriculture company operating in Côte d'Ivoire
  • CPO production rose 30.2% year-on-year in October 2026, with fresh fruit bunches (FFB) processed up 31.3% to 7,465 tonnes
  • Average CPO selling price was €971 per tonne, 3.6% below October 2025 but 25.3% above October 2024; PKO sales volumes surged 151.2% to 108 tonnes at €1,319 per tonne
  • Investors should watch for completion of the fundraising that would unlock the planned 50% cashew capacity increase at Tiebissou during the 2027 season

Ayenouan Palm Oil Operation Exits Seasonal Low with Strong October 2026 Output

Dekel's palm oil mill at Ayenouan, which has a capacity of 60,000 tonnes per annum, processed 7,465 tonnes of fresh fruit bunches in October 2026, up 31.3% from 5,685 tonnes in October 2025. CPO production reached 1,446 tonnes, a 30.2% year-on-year increase, while the CPO extraction rate remained broadly stable at 19.4% compared with 19.5% a year earlier. The company sells CPO into the domestic Côte d'Ivoire market, where the announcement states demand remains strong, providing a relatively stable revenue channel for the operation as it recovers from its seasonal low period.

CPO and PKO Pricing: October 2026 Versus Historical Benchmarks

The average CPO selling price of €971 per tonne in October 2026 was 3.6% below the particularly strong October 2025 comparable of €1,007 per tonne, though it remained 25.3% above the October 2024 level of €775 per tonne. The company states that prices remain above long-term historical averages, which supports revenue generation even in a softer monthly pricing environment. Palm kernel oil performance was notably strong, with PKO production rising 73.8% to 146 tonnes and PKO sales volumes increasing 151.2% to 108 tonnes, with the average PKO price edging up 1.9% to €1,319 per tonne year-on-year.

Tiebissou Cashew Plant Plans 50% Capacity Increase Subject to Fundraising Completion

The cashew processing operation at Tiebissou continued what the announcement describes as positive momentum in October 2026, following its strongest quarter to date in Q3 2026. Subject to the completion of a fundraising — the terms of which were announced on 30 October 2026 — the company plans to increase raw cashew nut processing capacity from approximately 30 to approximately 45 tonnes per day during the 2027 cashew season. The additional capacity is intended to focus on unpeeled cashews. Detailed quarterly production and sales data for the cashew operation will be reported in January 2027, the announcement states.

Dekel's West Africa Multi-Commodity Model and Key Risk to Watch

Dekel operates a diversified portfolio of agriculture projects at various stages of development across Côte d'Ivoire, with the Ayenouan palm oil facility fully operational and the Tiebissou cashew plant in a scaling phase. The company's revenue is exposed to commodity price movements in both CPO and PKO markets, as well as to seasonal fluctuations in fresh fruit bunch supply from local smallholders who provide the feedstock. A key company-specific risk flagged in this update is the conditional nature of the cashew expansion: the 50% capacity increase depends on the successful completion of the announced fundraising, which has not yet concluded at the time of this disclosure.