After three-years of continuous 50% accumulated rise of food export from Israel, the first quarter of 2006 has seen a 1.3% decline in food export to US$175.8m, according to Roni Kobrovsky, chairman of the food industries division at the Israel Manufacturers Association and president of the Central Bottling Company (Coca Cola Israel).
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Food processors in Israel are “worried and apprehensive” in view of the 25.4% deficit in the food trade, which amounted to $139.8m in Q1. Food imports in the quarter were up 5.1% to $302m.
Kobrovsky added that during the quarter there has been a decline of 28% in meat and poultry exports, confectionery was down 28%, and chocolate was down 25%. However, the export of processed fruits and vegetables was up 12% to $54.8m compared with the same period last year.
