|February 8, 2005,
as reported by just-food.com: Israel’s
food industry appears to be moving again after three years
of stagnation, announced Roni Kobrovsky, the newly appointed
chairman of the food division at the Manufacturers Association
of Israel. Kobrovsky reported that both local and export
markets are showing signs of improvement.
Kobrovsky, president of Coca Cola Israel, added that
in 2004, sales of food products on the local market
amounted to NIS42bn (US$11.05bn), a 4% increase over
2003. He estimates that sales of food on the local market
in 2005 will grow by 6.5%.
Israeli food and drink exports amounted to US$566m
in 2004, an increase of 11% compared with 2003. However,
food imports rose at an even quicker pace, 15% over
2003, to a 2004 total of US$975m.