JOHANNESBURG, SOUTH AFRICA.—  Sappi is set to increase prices for its fine paper grades by 7-10% from January 2024. In a statement, the packaging and speciality paper manufacturer said the increase was being made in an effort to address ongoing cost inflation and was necessary “to maintain viability of Sappi’s business”, with the actual amount “depending on the product and market circumstances”.Burgo has informed customers it wanted to rise coated paper prices too. The price increase will amount to at least 7 per cent and will be implemented in all markets starting from January deliveries, the company announced. Other suppliers of fine paper have already informed customers about their plans for similar steps too. However, critics doubt that the current market situation with low demand and oversupply will really enable price increases.