Portugal’s Navigator Company has announced 8 – 10% price hikes for its tissue products

The Navigator Company has announced tissue price hikes of 8 to 10% in all markets, effective for all dispatches from May 2024 onwards.

The company said the move was “to mitigate the increase in its production costs”, adding that the decision was taken following “the accelerated cycle inversion initiated in August 2023, which brought generalised and very significant price hikes in production costs, namely in pulp.”

It said the international pulp price reference index for short fibre has increased 65% since August 2023, adding that an additional pulp price for May was also announced two weeks ago, representing an extra 10% increase versus today’s price.

Navigator said this was “the highest price ever occurring in the industry – a historical record.”