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MK calls for boycott of Osem after food company hikes prices

The peanut snack "Bamba" produced in the southern Israeli town of Sderot. (Moshe Shai/FLASH90)
The peanut snack "Bamba" produced in the southern Israeli town of Sderot. (Moshe Shai/FLASH90)

Blue and White MK Michael Biton says consumers should not purchase products from Osem after the company announced a hike in prices this week.

“Israelis do not have to buy Osem products this month,” says Biton, the chairman of the Knesset Economic Affairs Committee, lamenting the enormous market share of the company, and calling for the Israel Competition Authority to investigate.

Osem announced yesterday that it is raising the prices of its products by anywhere from 3% to 7%, owing to a rise in prices in basic ingredients. Osem is one of the largest producers of products in Israel, and sells pantry staples including pasta, ketchup, cereals, crackers and the popular peanut snack Bamba.

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