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Badal Sanyal

Global players to hike prices by $50/t for April-June quarter

Kolkata , March 23

The Indian Newsprint Manufacturers' Association (INMA) has ratified the price revision proposals by its member-units for the April-June quarter of 2006.

It is believed to have advised its members to increase standard newsprint prices on an average by Rs 2,000 a tonne. Prices, however, may vary from mill to mill, in accordance with the quality.

Confirming the development, the INMA sources have claimed that the prices of domestic newsprint would remain at lower levels even after the revision vis-à-vis the imported varieties. They have justified their claims by saying that the cartel of large international manufacturers have also proposed to increase prices on an average by $50 a tonne for the April-June quarter.

Demand-supply mismatch

The sources have pointed out that there has been a tight inventory position in the international market.

Moreover, no major investments were made worldover in the newsprint-manufacturing sector. This has led to a demand-supply mismatch.

Incidentally, the demand for newsprint is growing in Asian countries because of the economic boom.

This factor is likely to keep the future global and domestic newsprint markets buoyant till substantial new capacities are added to the system.

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