Raw milk price paid to farmers to drop July 1

The government-controlled price that dairies pay farmers for raw milk is due to go down on July 1 and stay there through September, Agriculture Ministry Director General Rami Cohen said Monday. Raw milk is a major component of the retail price of dairy products, so the drop in its price should be passed along to the consumer. But the dairies and supermarkets may claim that the savings in the cost of raw milk have been offset by other expenses. In other dairy sector news, a bill aimed at making the dairy sector more efficient by encouraging small farms to expand or abandon the dairy business passed its first of three readings in the Knesset on Monday. ‏(Ora Coren‏)

Cost of crime declined 4.5% last year

The cost of crime to the economy declined 4.5% in 2012 from the year before, to NIS 13.9 billion, the Public Security Ministry reported yesterday. The economic cost of crime was equal to about 1.6% of Israel’s gross domestic product last year, it added. The cost of the average crime in economic terms was NIS 11,000 in 2012. Apart from the loss of life involved, murder is the crime that inflicts the greatest economic damage, on average NIS 2.3 million, according to the ministry. Sexual offenses on average impose a cost of nearly NIS 40,000. Collectively, property crimes and fraud accounted for the largest share of damage, together representing about half of the total last year. ‏(Hila Raz‏)

Low-cost homes for young planned for Herzliya

Over 200 low-cost apartments for young couples and single parents under the age of 36 will be built on a plot of land in the area of Kibbutz Glil Yam, on the southern edge of Herzliya, after the municipality and the government settled on terms. Buyers who currently do not own a home will be eligible to purchase the apartments, which will be priced at NIS 100,000 to NIS 150,000 less than their market price, Herzliya’s city engineer said. Half the apartments will be three-room units no larger than 75 square meters. The deal enables other housing on the Glil Yam plot to proceed as well. All told, about 4,000 units are expected to be built. ‏(Nimrod Bousso‏)