Archive: 7/11/2011
Daily Israel Report
More

Zion's Corner Blogs

13:58
Reported

News Brief

  7/11/2011, Tammuz 9, 5771

Dairy Producers to Lower Prices


The three largest dairy producers in Israel – Tnuva, Tara, and Strauss – said Thursday that they would cut prices on dairy products. The price drop comes in the wake of a decision by the government Wednesday to lower the price of raw milk by 5 to 6 agurot per liter. The producers added that it was up to the retail chains to pass their savings along to the consumer.

Industry, Trade, and Labor Minister Shalom Simchon attributed the announcement to Wednesday's decision. Speaking at a meeting of top municipality and local authority officials in Be'ersheva, “We are not trying to hurt farmers or consumers, the two weak links in the chain of supply. But the announcement by three producers that they plan to reduce prices on dairy products shows that our ideas move the entire supply chain to contribute to lower prices,” he said.