Dekeloil PLC (AIM:DKL) Interview – Executive Director Lincoln Moore

We caught up again with Lincoln Moore, Executive Director of AIM-listed Palm Oil producer Dekel Oil Plc (AIM:DKL) and he talks about today’s Q1 2018 Production Update

RNS update LINK

production

·    13,605 tonnes of CPO produced in Q1 2018 compared to 2017's record Q1 performance of 16,398 tonnes

o The production output continues a recent trend of deviation from typical seasonal trends with Q3 2017 slightly down, the low season Q4 2017 being significantly higher followed by the high season Q1 2018 again being softer

o 2018 peak FFB harvesting season has to date been less volatile on a month to month basis compared to 2017 in terms of volumes of fruit produced - whilst the Company cannot be certain, the current local industry view is that this may result in the 2018 high season being slightly longer and less volatile than 2017

o DekelOil's market share of FFB delivered to its mill as a proportion of total volumes harvested was comparable with previous quarters

·    PKO and Kernel Cake production in Q1 2018 remained broadly in line with Q1 2017 as lower mill utilisation enabled a higher percentage of kernels to be crushed and processed

DekelOil Executive Director Lincoln Moore said, "The Q1 performance was set against a backdrop of relatively weaker FFB volumes and lower international prices compared to last year.  However, we remain focused on optimising the variables we can control, such as securing sales for our product at premium prices, maintaining our excellent relationships with the thousands of local smallholders who supply us with fruit, and growing our customer base."