Jordanian Cement Prices fall

Jordanian Cement Prices fall
Published: 12 December 2003

The Jordanian Government has successfully intervened to decrease the cement prices in the country, which reached their average on December 10, 2003.  Cement prices began to drop from the high level of 70 Jordanian dinars ($98..9/87.7 euro) per tonne several days ago to 58 dinars ($81.9/72.7 euro) per tonne as on December 10, 2003. The cabinet has intervened twice over the past weeks to stop cement exports to regional markets in order to meet local market demands, the Jordanian Ministry of Industry and Trade Secretary General Farouq Hadidi said. Jordan Cement Factories Company (JCFC), cooperating with the government efforts has stopped exports and increased supplies to the local market. JCFC said the company will continue covering local demand before exporting its production.