Cement prices to increase in FY13

Cement prices are expected to increase in the coming months due to rise in input costs and manufacturing expenses, according to the Centre for Monitoring Indian Economy (CMIE). During Q3 FY12, power and fuel costs rose by 10.7 per cent y-o-y due to the twin effects of higher coal prices (both domestic and import) and a cheaper rupee against the dollar. Freight costs were also higher by 12.5 per cent y-o-y due to the increase in diesel costs and surcharge levied by the railways. The growth is expected to moderate as the base effect sets in.Contact: CMIE.Tel: +65-9186 8249.Website: www.cmie.com