Cement prices should drop shortly, Guyana

Cement prices should drop shortly, Guyana
Published: 30 June 2006

Government is expecting that the price of cement will significantly be reduced shortly, following a response by the Venezuelan government to a request made earlier by Guyana to receive imports.

At a post-Cabinet press conference, President Bharrat Jagdeo disclosed that Cabinet discussed Venezuela’s response.

The government had requested additional supplies from Venezuela, which will hopefully increase the supply to Guyana and reduce the price charged for cement. Cement should be retailed at present at about $1,300 the President said.

President Jagdeo noted the shortage of cement which has been fluctuating for a lengthy period is causing significant delays in many Government projects. He noted that this has curtailed the quantity of work that was executed in past government projects. The President noted that this year government is spending $2.4 B on projects ongoing in various sectors in Region Five.