News Briefs

  Tevet 8, 5772 , 03/01/12

Shama-HaCohen: Israel Leads World in Expensive Produce

Chairman Carmel Shama-Hacohen of the Knesset Economics Committee said, Tuesday, that "Israel is the champion of the world in expensive produce prices and this is an intolerable situation." Speaking at the outset of a committee hearing into the price of fruits and vegetables, He said, "The prices of basic staples, including fruits and vegetables, have increased significantly in recent years as a result of price gaps between farmers merchants - a phenomenon that is not healthy in their pockets and [not good for] the health of the public, and we are here to examine and address the market failure that causes it."

The Likud lawmakercontinued, "The cost of living occupies the whole population, especially the public dear to our hearts - the public to whom the consumer price index relative to the basic products is critical. [The prices of] staples, which are the primary and principle outlay to the community go up and the consumers crash down. There is link in the growing chain (farmers) - wholesalers - retail chains which exploits market failure, and we intend to stop the phenomenon."

Other archived news briefs:Jan 03 2012, 11:49 AM, 1/3/2012