The wave of food price increases continues. After the Strauss company raised the prices of its products by an average rate of up to 6% at the beginning of the week, Tnuva announced yesterday (Wednesday) an increase in the prices of some of its products. Tnuva has informed its customers in the retail and institutional market of an update to the price lists of delicatessen products, Mama Chicken and Olivia, at an average rate of about 7.4%.
After Strauss: Tnuva raises prices by an average rate of 6%
Tnuva raises prices: how much will the top products in the supermarket cost you?
In addition, for the first time in about 15 years, the price list of Tirat Zvi products will be updated at an average rate of about 5%. Tnuva clarified that the updated price lists for customers will go into effect on June 1 and all consumer prices are set by the retailers at their discretion and without the company's intervention.
Tnuva claimed that the price update was in light of the sharp increase in the prices of goods and raw materials in the last two years, including the prices of flour, chicken breast, beef, oil and vegetables and other inputs, such as electricity, fuel, water and labor wages. Tnuva stated that the raw material chicken breast, which constitutes at least 50% of the composition of Mama Chicken products, became more expensive for the company within two years by about 25% and the price of flour became more expensive for delicatessens by about 43%.
The last wave of price increases began after the increase in the price of milk and its products under supervision. As a result, the large dairies announced a price increase even for non-regulated dairy products.
In the meantime, an inspection conducted by the Division for Research, Economics and Strategy at the Ministry of Agriculture shows that the prices of raw milk in Israel are low or similar to the prices of milk in a number of European countries. According to the data of the Ministry of Agriculture and data of the European Commission from the month of February, the price of Israeli raw milk stands at 57.98 euros per 100 kg, compared to Spain, whose price of raw milk in its territory stands at 58.5 euros and Malta at 60.6 euros. In other countries, including Italy and Austria, The price of raw milk is very similar to its price in Israel.
"The price of raw milk, called the 'target price', is determined by the implementation committee in accordance with the regulations of which the economists of the Ministry of Finance, the economists of the Dairy Council, and the economists of the Israel Farmers' Association are members. According to the agreement in the milk industry, it is determined that in each price survey to determine the target price, the bar must be raised by The surveyed barns, so the target price is based on the production costs in the barns that produce in large quantities and not according to the small barns," stated Vice President of Research, Economics and Strategy at the Ministry of Agriculture Uri Tzuk-Bar.
