CFI contends with pricing cycles

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CFI Holdings (CFI) says it will concentrate on improving its procurement methods due to the unpredictability of grain supply and pricing in the country.
The agro-industrial group’s chairperson, Itai Pasi, welcomed policy measures put in place by the government to promote the liberalisation of grain marketing to the benefit of millers, farmers and ultimately the consumer.
She said the half year ended March 31, 2023 was challenging for Farm & City Centre due to prevailing multiple exchanges rates, high-interest rates and reduced consumer spending, thereby decreasing key revenue driver volumes.