Pakistan cuts Indian cement export prices

Pakistan cement producers have cut export prices for India by 13 per cent due to currency movements.

The Business Recorder of Pakistan reports that due to the depreciation of the Pakistan rupee, cement producers have reduced export prices by US$/9/t. As such, cement is now being exported to India at an average price of US$60/t compared to US$69/t previously.

Market sources said this will help capture the Indian export market which holds much potential despite challenges such as transportation and the Bureau of Indian Standards (BIS) certification.

In fiscal year 2012 which concluded at the end of June 2012, Pakistan increased exports by three per cent to 605,543t. However, the industry believes that higher exports can be achieved and reach the 1Mt if certain obstacles are removed.