Israel Sees Price Hikes on Eggs and Other Food Items Starting November 1
Translated & summarized from NEWSru Israel by baba
New regulated prices for chicken eggs went into effect in Israel on November 1, with a 2.1% average increase due to rising production costs. Prices for other food items, including flour products, coffee, and chocolate, are also expected to rise. These increases are driven by higher raw material, production, and transportation expenses.
The story in 5 lines · by baba
- Regulated egg prices in Israel increased by an average of 2.1% starting November 1.
- The price hike for a dozen eggs ranges from 27 to 33 agorot, depending on size.
- Increased costs for feed, electricity, labor, and packaging are cited as reasons for the egg price rise.
- Flour prices are set to increase by 11% to 14%, potentially affecting bakery and confectionery prices.
- Other food items like coffee, chocolate, and snacks may also see price adjustments.
As of Sunday, November 1, new regulated prices for chicken eggs have taken effect in Israel, following an announcement by the Ministry of Agriculture and Rural Development on October 22 of an average price increase of 2.1%. The maximum retail price for a dozen M-sized eggs is now 13.40 shekels, up from 13.13 shekels. L-sized eggs will cost a maximum of 14.54 shekels, an increase from 14.24 shekels, and XL-sized eggs will be priced at a maximum of 15.81 shekels, up from 15.48 shekels. These adjustments mean a price rise of 27 to 33 agorot per dozen, depending on egg size. The increase is attributed to rising production and distribution costs, including feed, electricity, labor, and packaging. Retailers are legally bound to sell eggs at or below these state-regulated maximum prices.
In addition to eggs, several other food products are expected to become more expensive starting in November. Flour producers have announced price hikes of 11% to 14% on certain products, which could lead to increased costs for bread, pastries, and confectionery. Israeli media reports indicate that food suppliers are also reviewing prices for coffee, chocolate, snacks, and frozen baked goods. The reasons cited for these broader price adjustments include higher costs for raw materials, production, and transportation, with the extent of the increases varying by manufacturer and product category.
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