Cashew Operation Update

Dekel Agri-Vision PLC

24 August 2023

 

This announcement contains inside information for the purposes of Article 7 of the UK version of Regulation (EU) No 596/2014 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018, as amended ("MAR"). Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.

Dekel Agri-Vision Plc / Index: AIM / Epic: DKL / Sector: Food Producers

Dekel Agri-Vision Plc

('Dekel' or the 'Company')

Cashew Operation Update - Global Food Certification Received

Dekel Agri-Vision Plc (AIM: DKL), the West African agriculture company focused on building a portfolio of sustainable and diversified projects, is pleased to confirm it has passed the BRC Global Food standard assessment ('BRC') at our large-scale cashew processing plant at Tiebissou, Côte d'Ivoire (the 'Cashew Operation').

Key Highlights

·      The BRC assessment was passed with a grade A, the highest possible grade accreditation.

·      The Cashew Operation has now passed all related international food and safety accreditations.

·      Whilst the Company has already commenced sales in the US and Europe, the BRC accreditation is important when trading with blue chip cashew buyers and a key part of our strategy to achieve premium prices in the near future.

·      The Cashew Operation daily production volumes continue to gradually improve compared to Q2 2023 and a further update will be provided on Q3 2023 operations during October 2023.

Lincoln Moore, Dekel's Executive Director, said: "Completing all food and safety accreditation with the highest possible grade is a key milestone and is a testament to the quality of our Cashew Operation and management team.  We now focus on becoming a consistent high quality producer of Cashews for our growing list of customers as we seek to maximise prices for our high quality cashew products."

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For further information, please visit the Company's website www.dekelagrivision.com or contact:

Dekel Agri-Vision Plc Youval Rasin Shai Kol Lincoln Moore	[phone]
WH Ireland Ltd (Nomad and Joint Broker) James Joyce Darshan Patel	[phone]
Optiva Securities Limited (Joint Broker) Christian Dennis Daniel Ingram	[phone]

Notes:

Dekel Agri-Vision Plc is a multi-project, multi-commodity agriculture company focused on West Africa. It has a portfolio of projects in Côte d'Ivoire at various stages of development: a fully operational palm oil project in Ayenouan where fruit produced by local smallholders is processed at the Company's 60,000tpa capacity crude palm oil mill and a cashew processing project in Tiebissou, which is currently transitioning to full commercial production in 2023. 

 

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