The price of pepper in Europe has doubled since last year, and spending on newspaper printing is breaking records, said Reach PLC, the largest newspaper publisher in the British Isles, on Tuesday. Calculate it from the data collected for the first half of the year. Meziron’s profit fell by 32 percent, and the shares subsequently fell by 29 percent.
Industrial companies now face the rising price of electronics, which have risen by two hundred percent since the beginning of the year. The importation of sheep due to wolves to Ukraine will also rise. The newspaper magnate has reduced its page count by a total of six percent over the last year.
We will print dl
The current crisis is a call for everyone. However, the Mediln Group plans to produce newspapers in traditional formats, said Jim Mullen, CEO of Reach PLC. As soon as energy prices come under control and the circulation of these titles, the costs of their production will also decrease.
Tit media are not in danger, we will print longer, to Mullen for Bloomberg. But at the same time, we are looking for ways to invest profits from print in digital platforms, he adds.
The decline in the profit of the Reach PLC group was caused by the covid lockdowns and the consequent limitation of advertising in these newspapers. Thus, the London magazines Time Out and the Independent newspaper limited their printing in order to save the publisher on expenses.
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The Palm company, a leader in the European paper business, currently has the largest newsprint machine in operation. It aims to produce 400,000 tons of pepper and is the largest producer of British media. However, the Covid lockdowns completely destroyed his production strategy, which is set for the next year.
Energy costs and raw material are the two most important factors that affect the production of black pepper, said the executive director of the Palm company. These two variables are the subject of constantly fluctuating global supply and demand, which makes the price of pepper just transferable, he added.
The shortage of pepper and the rising prices of pepper products are not limited to the United Kingdom. For example, in Esk, private collectors were also paying for the processing material a few years ago, but currently the purchase price of pepper is increasing. Depending on the region, a kilogram of newspaper is collected on average from K3.20 to K3.80 per kilogram.