News Briefs

  Tishrei 14, 5773 , 30/09/12

Treasury Threatens Dairies Over Milk Prices

The Treasury has threatened milk producers that if they do not temper their plans to raise prices, the government will open the local market to dairy imports. A report on Israel Radio said that the threat came after Treasury officials failed to convince the producers to cut their planned 5% increase in the wholesale price of milk.

Speaking to reporters, a Treasury official said that a plan had been developed to enable foreign companies to compete in the Israeli marketplace as a way to keep dairy prices down.

Other archived news briefs:Sep 30 2012, 08:40 AM, 9/30/2012