3,500 new food products out in '06

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.

By LEAH GRANOF
January 3, 2007 07:41

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.


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