The Zimbabwe Stock Exchange listed agro-industrial concern has seen a drastic decline in coffee output recently owing to its ageing plantations that have adversely affected yields.
In its financial results for the year ended September 30, 2024, the group said coffee output plummeted to just 28 tonnes compared to the previous year’s output of 87 tonnes.
“This was due to the natural decline in yields from aging bearer coffee plants. 60 hectares of coffee have been established on a joint venture at a third-party farm,” the group chairman Hebert Nkala said.