Uganda cement prices yet to stabilise
The retail prices of cement, which abruptly shot up in late last year, are not yet stable.
The price rose from UGS23,000 to UGS26,500 per bag (US$10 to US$11.5) in December last year, but has not moved to the original status though steadily reducing. Dealers attribute the situation to the weakening of the shilling against the dollar among other market forces.
The current price ranges between UGS23,500 and UGS24,500 per bag in some city centre and suburb outlets.
Cement prices were expected to drop following the commissioning of a UGS280b new plant by Hima Cement in Kasese. David Njoroge, general manager of Hima Cement, recently said they will not only increase supply for the local and regional markets, but also see prices become more competitive, especially if the Government continues to support local investors against an influx of cheap cement imports. Published under Cement News
