May 19, 2022

 

Poultry prices in Israel set to increase 30%

 

 

Poultry producers in Israel are proposing to increase prices by 30%, due to higher livestock feed costs as corn and wheat prices have gone up, Jewish Press reported.

 

Tnuva, a major food merchant in Israel, announced that it will increase red meat prices by about 8%.

 

The increased prices are caused by supply issues, due to Russia's invasion of Ukraine. Both countries are key grain exporters to the world.

 

Corn prices have gone up 16.25% since Russia's invasion began on February 24. Corn prices have already increased 20% between January 1 and February 24.

 

-      Jewish Press

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