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Since March 25, 2024, the Government of Israel has notified the World Trade Organization’s (WTO) Committee on Technical Barriers to Trade (TBT) several times on regulatory proposals related to European Standards.
FAS/Tel Aviv (Post) forecasts Israel’s marketing year (MY) 2024/45 wheat imports to increase due a decline in domestic production, a need to increase stocks because of the Israel-Hamas conflict, as well as lower international grain prices.
Israel is highly dependent on agricultural and food imports. Due to its limited arable land and water resources, the country’s dependence will only increase.
FAS Tel Aviv (Post) forecasts Israel’s wheat imports to reach 1.74 million metric tons (MMT) in market year (MY) 2022/23, a 2 percent increase from Post’s MY 2021/22 figure. In MY 2021/22, U.S. wheat accounted for 8.2 percent of the market, up 55 percent from the previous year.
With over 1,800 facilities, the Israeli food processing sector is an important player in the domestic economy. In 2020, Israeli food processors' annual revenue stood at $19.26 billion while the beverage and tobacco industry's annual revenue was $2.42 billion.
Israel adopts EU regulations, stating the requirements in Europe in terms of chemical and biological contaminants (excluding listeria and salmonella) and pesticide residues, with certain exceptions.