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Diversifies Sales through Relationship with SIAT
DekelOil Public Limited, operator and 51% owner of an established, vertically integrated palm oil project in Côte d’Ivoire, has announced that it is supplying Société d’Investissement pour l’Agriculture Tropicale, an agro-industrial group of companies, with Crude Palm Oil produced from its 60 t/hr extraction Mill.
DekelOil is selling CPO to SIAT at the factory gate at a 10% premium to the CIF Rotterdam CPO price at the time of sale. The Company now has four sales partners in place in line with its strategy to diversify its customer base. Notably, this supply arrangement with SIAT will see the Company’s first sales for export and accordingly, two shipments have been successfully completed.
DekelOil Executive Director Lincoln Moore said, “This relationship will see CPO produced from the Ayenouan Project sold at a 10% premium to the spot price at the time of sale, demonstrating the strong demand, both in-country and for export, for our product.
“In tandem with our ongoing efforts to establish an efficient logistics network focused on maximising the delivery of fresh fruit bunches for processing at our Mill, we look forward to the next peak harvesting season in the Cote d’Ivoire.”
