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Upcoming Lok Sabha polls likely to boost sales in coming months, says JK Paper

JK Paper on Tuesday said it expects upcoming Lok Sabha polls will boost the demand of paper in April, May as well as June.
"Historically, January-March has always been a strong quarter in terms of demand because of school, college exams, budget, year-end expenditure by government departments etc..., said AS Mehta, president, JK Paper.
According to reports, India’s paper imports declined 25 percent in the first three-quarter of FY19 and it helped domestic paper mills to increase prices of their products ahead of the ensuing academic year.
The fourth quarter so far has been good in terms of demand, particularly for copier paper as well as the writing and printing paper, Mehta said.
The volume growth in Q4 would be around 7 percent and in Q1FY20 would be around 5-6 percent and Q2 would be better, he added.
With regards to prices, Mehta said the pulp prices have come down from $800 per tonne to $700-685 per tonnes and would remain in this band for the short-term.