Fijian cement prices increase

The Fiji Times reports a 2.6% increase in the price of cement (Portland), sand aggregate, standard concrete block, bond beam block, corner block and plain end jamb block in March 2014. Fiji Industries Ltd reports no increase in cement prices, as it is under price consrol by the Fiji Commerce Commission.

Construction demand has increased in recent months, thanks to projects such as the Momi Bay project, road constructions, Denarau Bridge, warehouses, Housing Authority projects and other developments. The building industry reportedly experienced a 3% gain in the first quarter having achieved a 2.2% increase at the end of last year.

The economy in Fiji has reportedly grown by an average of 1% per annum over the last 8 years. Investment in infrastructure has generally been low. However, the country is gearing up for a long-awaited general election in September that, it is hoped, will turn things around.

Edited from various sources by Katherine Guenioui

Read the article online at: https://www.worldcement.com/asia-pacific-rim/10042014/cement_prices_rise_in_fiji_30/