Senegalese government to investigate cement prices

Business News

Trade minister Alioune Sarr says that the government will investigate a rise in the price of cement. He said that a committee has been set up to review the prices of essential commodities including cement, according to PressAfrik. The decision follows a rise in the price of cement at the end of May 2018.

Also, Cemnet reported that cement prices in Senegal have been rising by XOF5000/t (US$8.93/t) in the last fortnight.
The ex-works price of 32.5-grade cement has increased from XOF50,800/t to XOF55,800/t while for 42.5-grade product the current ex-works price is XOF60,400/t, up from XOF55,400/t.
The price rises have been attributed to a new tax imposed by the Senegalese government. It follows a XOF3000/t price hike in January 2017.

 

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