A review by the Agriculture Ministry found that the price of imported butter has surged 73% to about 28 shekels, while the cost to importers rose only 16 shekels, according to data cited by the ministry. The findings challenge the assumption that liberalizing butter imports in 2022 would lower consumer prices.
According to data cited in an Agriculture Ministry review by Einav Karner, the retail price of imported butter rose 73% to approximately 28 shekels since import liberalization began four years ago. The import price paid by importers increased by only 16 shekels during the same period. The ministry's review notes the price gap undermines the rationale of the 2022 reform, which aimed to lower consumer costs through import competition. It remains unclear whether the disparity reflects retailer margins, supply chain costs, or other market factors.
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