Cement prices fall 25% in Uganda

Cement prices fall 25% in Uganda
29 November 2018

Cement prices in Uganda have fallen 25 per cent in the last six months, dropping to UGX28,000/50kg bag (US$7.5/50kg bag) from UGX38,000/50kg bag.

The drop in prices follows the recent boost in production capacity in the country, with a number of plant expansions and greenfield projects commissioned within the past year. As a result, the country's total cement capacity stands at 7Mta compared to a 2.4Mt demand.

However, the country's largest producers, Hima and Tororo, have stated that prices will now remain stable due to a surge in construction activities, according to The Independent.

Published under Cement News