Daily Israel Report
22:44
Reported

News Brief

  11/8/2011, Cheshvan 11, 5772

Price of Milk to be Updated Every 3 Months


The price dairy farmers are paid for milk will be updated four times a year, in a measure approved Tuesday by the Knesset’s Finance Committee. The price will be based on Central Statistics Bureau data, and will take the cost of production into account, committee members said.

The cost of dairy products was pushed into the spotlight this summer as consumer boycotts fed into widespread social protests. Israel’s major dairy companies have since lowered the prices of many of their products.