Dominican Republic cement prices rise

The president of the Dominican Republic’s housing builders and developers grouped in Acoprovi expressed surprise at the rising price for a bag of cement charged by some producers, Dominican Today reports.

Fermin Acosta’s reaction comes just days after the price of a bag of cement increased by 30 pesos. "We weren’t expecting an increase, on the contrary, considering that there’s been lower prices for a barrel of oil in international markets for several weeks, leaves us with no reasonable cause to understand this increase," Acosta said.

Acoprovi ‘s president also urged cement producers and importers to review those measures, which in his view go against the positive message of stability augured in the Mortgage Market Development and Trust Law.