Egg Prices to Rise Again as Government Delays Industry Reform
Translated & summarized from Haaretz by baba
Egg prices will increase by 2.1% on November 1st, costing consumers an extra 27-33 agorot per dozen. This follows the government's decision to postpone a 2022 reform designed to open the poultry industry to competition. The delay will maintain the quota system until 2042, preventing new market entrants.
The story in 4 lines · by baba
- Egg prices will rise 2.1% on November 1st, adding 27-33 agorot to a dozen.
- The government has postponed a 2022 reform meant to open the poultry industry.
- The reform's delay will extend the quota system until 2042.
- New competitors will be blocked from entering the Israeli egg market.
Egg prices in Israel are set to increase by 2.1% starting November 1st, 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 intended to open the poultry industry to competition. The reform, originally approved in 2022, aimed to introduce more market competition. However, its delay, which could extend for a decade, will allow the continuation of the current quota system until 2042, effectively blocking new competitors from entering the market.
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