Hikes in food prices are not universal. Strauss Group Ltd. (TASE:STRS), Israel's second largest food company, has announced that it will not raise its food prices "at least until the end of the year." The company said that its decision included products made by its Elite and Yad Mordechai subsidiaries and by the Strauss and Yodvata dairies, despite the increase in raw milk prices (target prices for milk).
Strauss CEO Eyal Dror said today, "We have made a commitment to do everything possible to help keep food prices down."
The list of food producers who have raised prices includes Tnuva, Israel's leading food company and dairy, Tara Dairy, Sugat, Gad Dairy, Melach Haaretz, Wissotzky, and poultry company Of Tov.
Published by Globes [online], Israel business news - www.globes-online.com - on August 14, 2018
© Copyright of Globes Publisher Itonut (1983) Ltd. 2018