Representatives of five major bodies in the matchbox industry met in Sivakasi and decided to increase the
from a matchbox, TOI reported.
The rise in the price of a matchbox comes after a gap of 14 years – the last time it was revised from 50 paise to Re 1 in 2007.
Manufacturers pointed out that most of the 14 raw materials used are now much more expensive. Red phosphorus now comes at Rs 810 instead of Rs 425 and wax at Rs 80 instead of Rs 58. The prices of cartons, paper, splints, potassium chlorate and sulfur have also increased since October 10 .
Besides the above, rising fuel prices have increased the cost of transportation, forcing them to opt for higher prices.
National Small Matchbox Manufacturers’ Association secretary VS Sethurathinam told TOI that the manufacturers are selling a batch of 600 matchboxes for Rs 270 to Rs 300. “We have decided to raise the selling price of our units from 60% at Rs 430-480 per pack. This excludes 12% GST and freight charges,” he said.
The industry directly or indirectly employs more than four lakh people in Tamil Nadu. It also faces instability in its workforce, as many workers have preferred to work under the higher paid MGNREGA scheme.