Mondi reports improved demand, but lower prices for the first quarter

JSE-listed paper and packaging manufacturer Mondi has noted improved market conditions in the first quarter of the year, with stronger order books and higher sales volumes across its range of paper grades compared with the last quarter of 2023. Average selling prices were, however, lower in the reporting quarter, but they have started ticking up in the second quarter, it said in a trading update to shareholders on May 3.