Newsprint Demand in India Forecast to Rise 10%
Jan. 10, 2006 - India's newsprint market is likely to stay bullish throughout 2006 in anticipation of strong buying support from the newsprint consuming sectors, The Hindu Business Line reported.
Demand for newprint in India in 2006 is forcast to reach about 16.5 million tonnes, an increase of about 1.5 million tonnes from 2005, the Business Line said.
In addition, the larger domestic producers of "quality" newsprint in India reportedly announced an Rs 1,500 per tonne (US$30-35) increase for standard newsprint January 1.
A source from the Indian Newsprint Manufacturers Association (INMA) told the Business Line that the average ex-mill price of standard quality newsprint would now be about Rs 27,500 per tonne (approx. US$622) compared to the landed cost of the same variety of imported newsprint of about Rs 32,000 (approx. US$724).
[the INMA source] also indicated that newsprint prices in the international market might surge further following higher offtake by the print media in China and other Asian countries whose economies appear buoyant, the Business Line reported.
SOURCE: The Hindu Business Line