Indian producers cut Mumbai prices

Indian producers cut Mumbai prices
Published: 31 August 2010

Indian cement manufacturers cut their product prices by INR2-INR4 per 50kg bag in the western city of Mumbai Friday, a trade official said Monday.

"With the monsoon going strong, we could see more such small price cuts in the
western region in September," the official told Dow Jones Newswires on condition
 of anonymity.

India’s June-September monsoon rains have picked up pace across western India,
slowing construction activity.