Latest Developments in the Paper Industry: August 2024
The Indian paper industry is currently facing significant challenges due to rising ocean freight rates, driven by global supply chain disruptions. This has led to increased costs for imported raw materials, which is expected to keep prices of Writing and Printing Paper (WPP) and coated papers high for the next 4 to 6 months. Despite this, experts anticipate that domestic mills may be able to pass on these costs to the market, particularly with the expected demand surge during the festival season.