Paper firms raise prices by 2-3% due to increase in raw material costs

After nearly three years of stagnation, paper prices have started firming up. 

After a good FY18, companies have again raised prices by 2-3 per cent in the current financial year due to increase in raw material costs. 

Industry official said global players have taken a price hike of 6-8 per cent in the past one and a half months and the rupee has also depreciated during the same period, which gives Indian companies room to hike prices.

Manufacturers have said that in 2019-20, the price is expected to head northward as raw material cost is likely to continue its rising trend. 

Starting fiscal 2014,