Pakistan cement exports to India 84,440t In Sep-Nov-Source
Pakistan has exported 84,440t of cement to India in the September-November period, an industry official familiar with the matter said Wednesday.
Earlier in July, the Indian government approved cement imports from Pakistan in an effort to curb high domestic prices of the commodity.
"Including the cost of transportation by sea or rail, Pakistani cement reaches a consumption site at India INR165 per bag, which is still significantly cheaper than INR235-250 per bag charged by Indian manufacturers," the official, who didn’t wish to be named, told Dow Jones Newswires.
India approved cement imports from Pakistani firms Lucky Cement Ltd and Maple Leaf Cement Factory Ltd. (MLCF.KA) in August.
Indian cement makers produce nearly 150 million metric tons of cement annually but rapid economic growth of 8.6% in the last four years has fueled strong demand, prompting high prices.
In the July 1 to Nov. 30 period, overall cement exports from Pakistan also remained strong, more than doubling to 2.37 million tons from 1 million tons in the previous year, he said.
Published under Cement News
