MEIKLES says it has invested US$21 million in its plantations since 2011 as part of an ongoing diversification scheme.
This comes amid growing international interest in superfoods, such as macadamia nuts and avocados, by an increasingly health-conscious market.
“Meikles has provided additional capital to Tanganda since 2011 to support the crop diversification thrust. This capital is additional to Tanganda’s normal annual capital expenditure,” board chairman John Moxon said last week in a statement accompanying Meikles’ results for the year ended March 31, 2021.
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Meikles Limited executive chairman, John Moxon.
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