Israel Fish Industry Picking Up As One Of Eu’s Exporters

When talking about fish, one would hardly think about Israel. The country is known for oil, and more recently, on its war against Lebanon. However, it turned out that fish is a very important part of Israeli economy and agriculture. In the last half decade, Israel has become one of the top fish exporters to the European Union, a development that boosted its economy. Israel is now counted among countries like China, Japan, and Singapore with the distinction of producing the best quality fish. Among these fish exporters, it is notable that Israel is the only Middle Eastern nation, a clear delineation from the oil industry.

Fish exporters from Israel has been exporting top quality fresh water fishes and marine life. The EU community receives the exports warmly and welcomes more fish exports from Israel. Since joining the fish exporting industry, Israel has been slowly gaining a name for itself as a quality fish exporter. Experts from Israel’s own Agriculture Ministry, like Yitzhak Simon, credit the manner by which Israeli fishes had been bred. Simon explains that Israel’s fresh water bounty is bred using indoor fresh water facilities where marine biologists monitor and study their progress. With the guidance of scientific studies, the fishes are bred healthily, which improves their quality. As such, fish exports from Israel has been regarded as better and of finer quality than Far Eastern bounty.

The boom in Israel’s fishing industry is supported by four major fish exporters: Agrexco, Magnooy, HaZorea, and Sundag. Although each company competes against each other, each maintain the spirit of free competition. Each company has its own set of clients in the EU. The Israeli government credits the four companies for keeping the fishing industry in Israel alive. Presently, the fish exporting industry in Israel amounts to over $12 million in net profit.

However, the fish exports from Israel cost more than the Far Eastern variety. According to market data, Israeli fish exporters price their bounty by at least 10% higher than Far Eastern fish. The Israel fish industry sees no problem in this price disparity. Apparently, the EU does not consider higher prices as problems. Simon claims that their clients in the EU are willing to pay the price in exchange for getting quality fish. Studies have shown that Israeli bounty lives longer than Far Eastern catch, making them fresher.

With the recent developments in Israel’s fishing industry, the country is expected to have an alternative industry to oil. Experts believe that with continued support, the community of fish exporters in Israel can expand beyond the four companies. This will further boost the fledgling Israeli economy. However, expansion of Israel’s fishing clout can be damaging to other fish exporters including Japan and China. Since Israel is located nearer the EU, it has better chances of delivering fresher fish in a shorter time. It also has the advantage of efficient and cheaper travel because of the shorter distance. If the fish exporting industry in Israel develops more contacts and networks of clients in the EU and beyond, it has a strong chance of monopolizing the fishing industry in the Middle East.

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