The price of cement has once again shot up across the city of Lusaka trading at K85 (K85, 000) from around K50 (K50, 000) two years ago..
Cement which at the beginning of the year was pegged at K50 has continued shooting up pushing the cost of construction further up.
A check across the city revealed that the commodity was now uniformly trading at K85 with traders citing increased costs of transportation.
At Lusaka’s Kabwata Market, traders said they were forced to hike the price owing to high transport costs.
“Where we get the commodity, there has been a price increase so we have no choice but to do the same. You know the story of fuel and transport my friend,” said Chris Mulenga a cement retailer.
However, Large Cement Chief Executive Officer Emmanuel Rigaux played down the increase saying they had no control over retail prices.
“Our duty is to sell the commodity at the most productive efficient cost and not police at what price the traders are selling the commodity at,” Regaux said.
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