The falling Aussie dollar will see prices of carton, board and paper rise over the next month or two, likely by around four per cent.

Both Spicers and Direct Paper have confirmed to PKN Packaging News that the prices of their stocks will be going up, with Spicers anticipating a July date for the rises.

David Martin, CEO of Spicers, said, “We are sending a letter to customers this week. Unfortunately the Australian dollar continues to slide, and we cannot absorb the cost. We will be increasing prices by four per cent once existing stock is out, which we anticipate will be by the middle of July.”

Dale O'Neill, managing director of Direct Paper, said, “Unfortunately we have to pass the increased costs of buying stock on to the market. The Aussie dollar has fallen by five per cent recently.”

The nation's biggest merchant Ball & Doggett has yet to issue any comment on its upcoming pricing.

Since June last year the Aussie battler has fallen by ten per cent against the mighty US greenback, in a fairly steady slide.

Food & Drink Business

Market connectivity through ecommerce is more urgent than ever before, Food Innovation Australia Limited (FIAL) says. It has refreshed its Australian Food Catalogue (AFC) to boost its trade credentials.

Thomas Foods International has acquired a 50 per cent stake in meat processing company Frew International. In an unrelated sale, the company has agreed to sell its fresh potato business to Mitolo Family Farms.

Foodpro will be held from 25-28 July 2021 at the Sydney Showground, Sydney Olympic Park, a shift from the Melbourne location planned for this year.