Dairy prices to rise 2.2% [pg. 18]

By DANIEL KENNEMER
July 28, 2006 03:51
1 minute read.

 
X

Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later Don't show it again

Prices of regulated dairy products are set to rise by 2.18 percent, on average, Sunday, in a regular price adjustment determined by a government price committee. "The new prices reflect the rising cost of producing raw milk on dairy farms, as well as dairy facilities' rising production costs and falling profitability, on one hand, and the 1% VAT reduction on the other hand," said Agriculture Ministry price supervisor Itzik Ben-David. Ministry spokeswoman Dafna Yurista stressed that the price hike was not at all related to the war and that it was well within the range of previous yearly raises. "The raise is even lower than what was expected. The dairies asked for prices to rise about 4%-5%, so what was given was still far from what they wanted," she added. The price of eggs actually dropped because of the VAT reduction. The price committee - bringing together officials from the Agriculture and Finance Ministries - also recommended that the ministers cancel regulation on the price of 5% and 9% cottage cheese, arguing that the level of competition among producers was sufficient to allay concerns that the price would be set through a monopoly. Dairy and egg prices must be updated once yearly, or when production costs rise by 3%, whichever occurs first, the ministry said, noting that the previous adjustment was made in May 2005. Next week, a one-liter bag of fresh 3% fat milk will cost NIS 4.24 including VAT and 1% milk will cost NIS 4.09. The same milk sold in cartons will cost NIS 5.30 and NIS 5.07, respectively. A 100-gram packet of butter will cost NIS 2.70. Yogurt-like products called eshel and gil are also subject to the price hike, as are cream, sour cream, basic puddings, storable milk, and certain hard cheeses. The price of a dozen size-1 eggs (weighing over 70 grams each) will fall to NIS 9.75, while 30 eggs will cost NIS 21.75.

Related Content

The Teva Pharmaceutical Industries
April 30, 2015
Teva doubles down on Mylan, despite rejection

By GLOBES, NIV ELIS