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      Archive: 9/30/2012
      08:40
      Reported

      News Brief

        9/30/2012, Tishrei 14, 5773

      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.