Economy Ministry to Import 5,900 Tons of Yellow Cheese Duty-Free by 2027
Translated & summarized from Alarab by baba
Israel's Ministry of Economy and Industry is launching a tender to import 5,900 tons of yellow cheese duty-free by 2027. The move seeks to increase competition and reduce consumer prices, with a significant portion allocated to importers offering the lowest prices. Previous similar initiatives have successfully lowered cheese costs compared to leading brands.
The story in 5 lines · by baba
- Israel will import 5,900 tons of yellow cheese duty-free by 2027.
- The initiative aims to increase competition and lower consumer prices.
- Most of the cheese will go to importers promising the lowest consumer prices.
- Previous tenders resulted in cheese prices significantly below leading brands.
- The ministry will monitor retail prices to ensure cost reductions are passed on.
Israel's Ministry of Economy and Industry has announced a competitive tender to import 5,900 tons of yellow cheese, both hard and semi-hard varieties, without customs duties by 2027. This initiative aims to boost market competition and lower prices for consumers.
Under the plan, approximately 4,070 tons will be allocated to importers who commit to selling the cheese at the lowest possible prices to end consumers, whether in pre-cut sections of stores or on shelves. The remaining quantity will be distributed through additional incentive quotas.
The ministry noted that similar tenders in previous years helped make cheese available at prices ranging from 2.90 to 3.40 shekels per 100 grams in deli sections and 3 to 3.50 shekels on shelves. These prices were significantly lower than those of leading brands.
For the new tender, the quota committee decided to increase the incentive portion for importers offering the most competitive bids. This aims to encourage lower prices despite global market fluctuations, without imposing a strict price ceiling on consumers.
The ministry affirmed its commitment to conducting regular monitoring of retail networks to ensure that import cost reductions are reflected in consumer prices.
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