South India cement prices fall INR16 per bag

Cement prices in South India have fallen for the second consecutive month, according to The Hindu. The price dropped by INR16 (US$0.24) per bag in October and is currently around INR332.

Kerala and Tamil Nadu saw the steepest decline, with a MoM decrease of INR20 per bag in November.

The decline in prices has been attributed to the sand mining ban and the poor monsoon season for the region. South India has a production capacity of 150Mta, but the lack of sand has kept the cement demand low at 66Mt.