BREAKING NEWS

Israeli honey 3.5 times more expensive than in US

A new study has shown that the average price of honey in the United States is 28 percent of the price of honey in Israel. The Jerusalem Institute for Market Studies report said that the cost of honey was high for similar reasons as dairy products and cheeses, namely "government policy and over-centralization of the industry."
Honey faces extremely high import costs at tariffs of nearly 255%, adding nearly NIS 17 to one jar. The report said that Honey Council grants tariffs exemption to only the largest of companies, centralizing the market and discouraging competition. Kibbutz Yad Mordechai's market share is over 50% - a figure similar to that of the dairy giant Tnuva over that market.
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