Newsprint price rising as demand continues decline

(Newspapers & Technology Magazine) — U.S. newsprint consumption declined at a reduced rate in April, but prices, which have risen 14 percent this year, are still well below what Canadian mills need to make a profit, according to a report posted last week on followthemedia.com.

The website said that the cost for 30-pound newsprint would have to rise by at least another $100 per metric ton before mills could operate profitably. As of June 1, the price for 30-pound newsprint was set at $581 per metric ton, according to Foex Industries. Followthemedia.com said that mills are expecting to increase prices by another $25 per metric ton this month.

The maneuvering over newsprint pricing comes as newsprint consumption by U.S. newspapers fell by 8.9 percent in April, according to the Pulp and Paper Products Council. That was the smallest percentage decline in more than three years, followthemedia.com said in its report.

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