date:Oct 05, 2012
According to reports from the country, the Israeli Ministry of Finance intends to cut current custom duties on dairy products. It hopes that the move will encourage the import of foreign dairy products and increase competition in the countrys monopolized dairy market.
The Ministry expects that an increase in competition will offset the impact of the recently announced 9.5% raw milk price increase. The Israeli Ministry of Agriculture-driven raw milk price increase is expected to result in a 5% i