Displaying items by tag: Price

Guinea: Cement has become scarce across Guinea, halting many private construction sites and driving prices higher. According to a report by the Guinee7 newspaper, the country has six producers that operate seven cement plants, with a combined production capacity of around 3.6Mt/yr. This is up from 2.2Mt/yr four years ago – an increase of nearly 60%.

However, two plants have shut down due to a lack of clinker. Industry sources propose reviving domestic clinker production but caution that stabilisation could take several months.

The Gambia: Jah Oil has announced the imminent arrival of a 53,000t cement shipment in Banjul by 4 June 2025 to address the national shortage and maintain a new, lower price, according to the Foroyaa newspaper. Managing director Momodou Hydara said the supply will stabilise the market, with smaller 4000t shipments already underway to meet immediate demand.

Hydara denied internal issues, calling the disruption “a normal phenomenon that can happen to any business.” He said “Our company has sufficient capacity to continue meeting national demand.” He blamed global disruptions, citing President Trump’s tariffs on Vietnamese cement that redirected US demand to Egypt and Türkiye, Jah Oil’s main suppliers. “All of a sudden, the supplier couldn't catch up with that competition and informed us about a huge increase in price,” Hydara said.

He added that Jah Oil alerted the Gambian government early but received no immediate response. He said the company later explained that global pricing pressures and the Dalasi’s depreciation against the US Dollar made the existing price unsustainable.

Kyrgyzstan: The Ministry of Economy and Commerce has initiated a discussion on a draft cabinet resolution to classify cement as a socially significant good, enabling the government to regulate its price amid concerns over unjustified increases. The ministry said the move would stabilise the construction market, reduce housing costs and improve affordability, as price increases have hindered the construction of social and infrastructure projects. Officials said the only likely negative impact would be reduced profits for producers and intermediaries under market volatility. The draft is open for public discussion until 13 June 2025.

The Kyrgyz cabinet previously lifted a cement import ban to ease supply constraints and meet rising demand.

Myanmar: Cement prices have more than doubled in Mandalay, Naypyitaw and Sagaing following the earthquake in March 2025, delaying reconstruction efforts, according to The Irrawaddy newspaper. The regime reportedly promised to subsidise cement prices for reconstruction work, but this has only happened in Naypyitaw. In Sagaing city, most building supply shops were damaged by the earthquake and remain closed, leading to long queues at businesses that are still operating.

The Indian government recently donated 4500 bags of cement for reconstruction efforts, but residents say this will mostly be used in Naypyitaw. A building sector source said “The construction industry is also suffering from labour shortages. We are not doing any building work, just demolitions. We have to buy any brand of product, including domestically produced cement. Even the big companies are rationing cement sales.”

Cement prices were reportedly increasing before the earthquake due to a decline in production. Only six of the country’s nine cement plants are now operating, producing around 340,000 bags per day. In April 2025, officials inspected over 300 building suppliers and prosecuted more than 60 for overcharging.

Ghana: Cement manufacturers have failed to comply with a Cement Manufacturing Development Committee (CMDC) directive to declare ex-factory prices for 50kg cement bags by 23 May 2025, in line with the Ghana Standards Authority Legislative Instrument 2491, which mandates the reporting of prices every month.

CMDC chair Alex Dodoo confirmed on 27 May 2025 that no firm had complied and said the committee would hold an emergency meeting to consider sanctions. “The law is clear, and we will not hesitate to apply the necessary penalties,” he said.

Nigeria: BUA CEO Abdul Samad Rabiu said that the company has agreed with Dangote Group to freeze the price of cement for retailers involved in President Bola Tinubu’s Renewed Hope Agenda projects.

“We have decided that we are going to freeze the price of cement for any contractor that is involved with the Renewed Hope project.” Rabiu said. He added “There will be no increase for the foreseeable future.”

The Premium Times newspaper reported that it was not able to obtain a confirmation from Dangote Group about the price freeze.

Kyrgyzstan: The Cabinet of Ministers has lifted the temporary ban on cement imports to meet growing construction demand and ‘ensure uninterrupted site operations’, according to Central Asia News.

The Cabinet said “Cancellation of a temporary ban on import of cement will support market competition, prevent shortage and stabilise prices for construction materials.”

The ban was originally put in place for six months in early April 2025.

Pakistan: The All Pakistan Cement Manufacturers Association (APCMA) has appealed to the Competition Appellate Tribunal to annul a US$22.6m penalty imposed by the Competition Commission of Pakistan (CCP) over alleged collusion and price fixing.

APCMA’s counsel argued that the sector operates competitively with price variation, and that the CCP failed to properly analyse the industry geography. He said a 2003 quota-sharing agreement had expired before the CCP ruling and challenged office raids as unfounded.

The tribunal has adjourned the case to 22 May 2025, when defence lawyers will present arguments. The CCP previously fined the APCMA and its member companies in 2009 after alleging market collusion.

Ghana: Cement dealers have raised concerns over a growing shortage of brands including SOL Cement, Empire Cement and Dzata Cement, according to Citi Newsroom. Dealers have cited a scarcity of clinker and rising port charges behind recent supply disruptions and price increases. One cement retailer, Augustine Aduful, said that they paid for cement but have been left out of pocket for two weeks. Ghacem, in particular, has reportedly been facing a shortage, with customers having to switch to alternatives like Diamond Cement.

Ghana Chamber of Construction Industry CEO Emmanuel Cherry said that Ghana cannot continue to rely solely on clinker in cement production and that the country should begin to look for viable alternatives.

Another retailer, Isaac Frimpong, said “The clinker shortage is being caused by overseas supply issues. Even the recent price hikes are tied to external factors. We hope that with government intervention, the situation will stabilise.”

Trinidad & Tobago: The government will reduce the rate of duty on other hydraulic cement from 10% to 0%, following the fifth price rise by Trinidad Cement since 2021, including the most recent 7% increase in early 2025.

The nation’s cabinet suspended its cement quota and registration system in February 2024. Cement remains on the import negative list, requiring a licence and compliance with Caricom standards. The legal order for the duty cut will be published in the coming days.