Nepalese cement producers ordered to reduce prices
The Department of Supply Management and Protection of Consumers Interest (DSMPCI) has ordered cement producers to reduce their prices within three days.
Following a survey the DSMPCI found that the price of cement had risen by 10 – 16% in recent weeks despite input costs, such as raw materials and transportation costs, only growing by 7 – 9%, according to the Republica newspaper.
The department has issued its directive via the Nepal Cement Manufacturers’ Association.
Source: GLOBAL CEMENT