Cement prices to increase by Rs 25-30 per 25 kg bag in AP

Cement prices in Andhra Pradesh might increase by Rs 25-30 per bag of 25 kg. According to the sources, the wholesale price of a cement bag is about Rs 300-325. Big brands of cement such as KCP Limited and Larsen and Toubro (L&T) cost about Rs 350. The manufacturers keep varying the prices of cement by about Rs 10 according to the supply and demand. Currently, the retail price of cement is about Rs 325-350 per bag. According to the real estate developers, cement factories have stopped taking orders for the supply of cement bags in the last ten days. It shows an increment in cement prices in a couple of days. The rise in cement price will affect the construction sector, which is already facing issues due to the increasing price of construction raw materials and the Covid-19 pandemic induced challenges. Vice-president of the Confederation of Real Estate Developers' Associations of India (CREDAI) Andhra Pradesh, Y V Ramana Rao, said that the associations are expecting a price hike of cement by Rs 25-30 per bag. Image Source Also read: Cement demand to recover soon for construction industry