The food industry introduced 3,500 new products into the market last year according to a survey by the Manufacturers Association of Israel with 71 percent of companies investing up to $500,000 to develop those products. Real industry sales increased in 2006 over the previous year by 2.9% to total NIS 45.5 billion.
Food exports increased by 4.1% to $686 million and imports grew by 13.4% for a $1.18 billion.
Join Jerusalem Post Premium Plus now for just $5 and upgrade your experience with an ads-free website and exclusive content. Click here>>