Over the last couple of weeks, the price of cement in Bangladesh has risen by BDT20-40/bag (US$0.3-0.5), depending on the brand.
The rise is being attributed to rising raw material costs. "We have increased the price by only BDT5.0/bag of cement following the rise in the import costs of fly-ash and clinkers prices, said Jakir Hossain, Marketing Executive (Corporate Sales) of Lafarge-Surma Cement.
He also said higher transportation cost have contributed to the rise in cement prices.
Cement dealers and sellers said the prices of cement have been rising in the market for the last two weeks. The price of a bag of Tiger Cement at the retail level Monday was at BDT375 (US$5.11). Two weeks ago, the price stood at BDT345. Shah Cement was at BDT 395 compared to its previous price of BDT 370, Cemex Cement was being sold at BDT 400. It was BDT 360 previously. Scan Cement increased to BDT 415 from the previous price of BDT 395, Fresh Cement experienced a hike by BDT 40 to BDT 380. Holcim Akij cement increased by BDT 20 and BDT 27 respectively.