(India) The rising cost of newsprint is likely to see foes become friends in the Indian newspaper publishing business.
The commodity, whose prices have gone up more than 35% in the past seven months, accounts for 55-65% of the total cost of producing a newspaper. Newsprint, most of it imported into India, used to trade at $380 (Rs18,420 then) per tonne in late 2002. It rose to $560 in July-August, and is now being sold at more than $760 per tonne.
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The commodity, whose prices have gone up more than 35% in the past seven months, accounts for 55-65% of the total cost of producing a newspaper. Newsprint, most of it imported into India, used to trade at $380 (Rs18,420 then) per tonne in late 2002. It rose to $560 in July-August, and is now being sold at more than $760 per tonne.
(To read the complete story, click the headline link above)
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