Mexico's construction chamber considers imports

Following the rise in Mexican cement prices earlier this month, the President of the country’s Chamber of the Construction Industry, Gustavo Arvallo, said the organisation was looking into creating a viable logistics chain to accommodate imports.

He said the latest price increase would need to be passed on to customers with public projects affected as well as private investors and house buyers. However, to minimise the effect of such price rises, increased supply through imports would create a downward pressure on prices.

"Let's be clear, we're not asking for any price controls, or for the government to intervene in any way. We ask the government what you're going to do because the costs are going to increase and your budgets are already over," Mr Arvallo said while clarifying that the Chamber is in talks with the Ministry of Economy.