NEWS

Russian government might restrict pulp exports to curb spiking domestic prices

Monday, Feb 16, 2015

The Russian government is mulling market control measures to restrict the export of pulp in a bid to curb prices on the domestic market. The spike in Russian domestic pulp prices, which have reportedly jumped by a total of up to 50-80% over the past few months, has led graphic paper producers to consider their own price increases, putting pressure on the publishing industry, market experts said.

Following a meeting held by Russia's Ministry of Industry and Trade Minpromtorg with pulp and paper producers, the anti-monopoly regulator (FAS), and publishing industry representatives last week, Monpromtorg said that any price hike for pulp and paper in the range of 15-20% is "justified" amid the current economic and financial climate, while price hikes in the range of 50% are "destabilizing."

 

Source : http://www.risiinfo.com/

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