The paper industry is teetering on the edge of a power crisis. The coal shortage has impacted five paper mills in Vapi GIDC which have been closed. This has rendered hundreds of workers jobless.
Kraft paper crumples on weak demand due to second Covid wave
April 21, 2021
Prices down 10 per cent in the last one month
The second wave of the Covid pandemic has pulled down prices of Kraft paper, used in the packaging industry, by 10 per cent in last one month due to a sharp fall in demand.
The sector was limping back to normalcy after the onslaught of the pandemic last year. In fact, demand and prices started picking up in the second half of last year as the consumer goods industry focused on packaging, with concern on cleanliness taking centre stage.
However, the demand for kraft paper started weakening from late last month and prices started declining across the board.