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.