BREAKING NEWS

Egg shortage averted, but prices will rise by 5.5%

By NADAV SHEMER

NOVEMBER 6, 2012 15:02

An anticipated egg shortage at supermarkets was averted at the last minute Tuesday, after a joint Treasury and Agriculture Ministry committee agreed to a price hike of 5.5 percent per egg.

The committee based its decision upon instructions sent the previous night by Attorney-General Yehuda Weinstein, who was asked to rule on the matter by Finance Minister Yuval Steinitz and Agriculture Minister Orit Noked two weeks ago.

The Poultry Breeders Association stopped delivering eggs to supermarkets on Sunday, promising not to resume supply until the government met their demand for an extra four agorot per egg delivered. They claim the pay rise was needed to compensate for a sharp increase in the price of chicken feed.

Consumers will now pay between NIS 11.76 to NIS 14.06 for a carton of one-dozen eggs under government supervision.

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