Jerusalem - Matza Exports Seen Falling 5-10% Due To Economic Crisis
Jerusalem - Last year was good for matza exports, which rose 31% to $12 million, the Israel Export and International Cooperation Institute reports.
Top matza export destinations in 2008 were the US, which accounted for 59% of exports amounting to $7 million; Italy - 10% of exports, worth $1.2 million; the UK - 5% of exports, worth $621,000; France - 5% of exports, worth $600,000; Belgium - 5% of exports, worth $560,000; Canada - 3% of exports, worth $390,000; and Australia, with $345,000 worth of matza exports.
Export Institute director general Avi Hefetz attributed last year’s growth of matza exports to the US to contracts closed before the economic crisis worsened. He said the US Jewish community, which had tended to celebrate Passover at hotels in recent years, will celebrate at home this year. The Export Institute predicts that matza exports will fall 5-10% in 2009.
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