Global paper manufacturer Hadera has said that it expects the price of recyclate to continue to fall

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One of the world’s largest paper manufacturers has said that it believes the price of recyclable paper will continue to fall in the short-term.

Israeli company Hadera, which owns the Mondi brand and has a worldwide partnership with Kimberly Clark, said in its annual results that it expects prices of recyclable paper and board will continue to drop but demand remains strong.

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In its results statement, it said: “The company estimates that the demand for recycled packaging paper, as a replacement for virgin packaging paper, is continuing in global paper markets. Following a slowdown in the global packaging paper market, in terms of virgin products in the third quarter, a decrease was recorded in the prices of recycled products.

“The trend of decreasing recycled product prices in the global packaging paper market – that began in the third quarter – amounted to approximately 4 per cent in relation to the second quarter. The company estimates that this trend will continue in the near future as well.”