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Home In Brief

Food importers buckle under government pressure on price hikes

by  ILH Financial Desk
Published on  02-06-2022 11:24
Last modified: 02-06-2022 11:24
Food importers buckle under government pressure on price hikesPexel

Ministers have panned the planned price hike as "outrageous" | Illustration: Pexel

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Major Israeli food importers and producers Osem, Diplomat, and Leiman Schlussel announced over the weekend that there are postponing planned price hikes, which evoked government criticism and calls on social media for consumer boycotts.

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Finance Minister Avigdor Liberman and Economy Minister Orna Barbivay said last week that the planned price hike was "outrageous" especially at a time of economic hardship brought on by the coronavirus pandemic.

All three compamies said they were pushing the move until after Passover.

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