Recycled paper mills write to govt over steep rise in waste paper prices
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Last Updated: Mar 05, 2021, 06:52 PM IST
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Synopsis
According to the association, the paper industry is facing an unprecedented crisis as the prices of waste paper, the key raw material for water paper, has doubled over the last six months.
Agencies
The industry body has attributed the unexpected increase in waste paper prices to unfair practices of hoarding and cartelisation by waste paper suppliers.
Indian Agro & Recycled Paper Mills Association (IARPMA) has written to the commerce ministry alleging cartelisation by waste paper suppliers to increase prices. IARPMA has asked the commerce ministry to intervene in the matter and crack down on illegal hoarding of waste paper stocking centres.