 |
| Cows in Israel |
The numbers revealed by Tnuva (
a net profit margin on revenue of just 6%.) indicate that the main component of high prices on food in Israel is quite naturally the same as all over the world - the commodities bubble.
 |
| Dairy at Kibbutz Sde Eliyahu |
Arab spring and social unrest that has been taking place in many countries are to a big extend old-fashioned hunger revolts. It seems like the worst is over though and commodity prices are starting to drift south.
Tnuva Food Industries Ltd. CEO Arik Schor told “IDF Radio" (Galei Zahal) this morning, "Tnuva's sales reached NIS 7.5 billion this year, with a net profit margin on revenue of 6-7%. These are normal numbers, with profit margins that are not outside the normal range."
