Egg Prices to Rise Again as Government Delays Industry Reform
Translated & summarized from TheMarker by baba
Egg prices will rise by 2.1% on November 1, costing consumers an extra 27-33 agorot per dozen. The government postponed a 2022 reform designed to open the poultry sector to competition. This delay allows the current quota system to remain in place until 2042, preventing new market entrants.
The story in 5 lines · by baba
- Egg prices will increase by 2.1% starting November 1.
- A dozen eggs will cost an additional 27-33 agorot.
- The government has postponed a reform intended to open the poultry industry.
- The delay will allow the quota system to continue until 2042.
- New competitors will be blocked from entering the market.
Egg prices in Israel are set to increase by 2.1% starting November 1, adding approximately 27 to 33 agorot to the cost of a dozen eggs, depending on their size. This price hike follows the government's decision to postpone a reform aimed at opening the poultry industry to competition. The reform, originally approved in 2022, was intended to foster a more competitive market. However, its delay, reportedly due to political pressures, will allow the existing quota system to continue until 2042, effectively blocking new competitors from entering the market.
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