The company will raise the price by €0.40 (£0.35) per kilo for colour and €0.30 per kilo for coldset black inks.

It said it had experienced a serious shortage in most pigments and rosin resin, which has gone up in price by 75% this year and 300% compared to this time last year.

Rosin resin, one of the most important low-cost resins used to manufacture publication inks and pigment flushes, is forecast to "continue to experience high price volatility and constraints of future supply".

Felipe Mellado, chief marketing officer of Sun Chemical, said the whole of the printing inks industry faced serious external challenges. As a result, the business has put prices up.

Mellado said: "Sun Chemical is working hard to offset some of the raw material cost increases but, with shortages continuing and in some cases worsening, this move is essential."

The cost increases are also due to the strength of the Chinese and Indian currencies, which it described as having "a major impact".

Pigments that make up a large part of the contributing cost for coldset colours have also already increased by an average of 4% this year, and a further 5% rise is expected next year.

Mellado said: "We don’t expect a significantly different scenario in 2011."