Lion Bank
Dashen Bank
Dashen Bank
FORTUNE+ VIDEO JOBS SPONSORED CONTENTS FORTUNE AUDIO TRADE AFRICA new

Fortune Logo

Trade Ministry Revisits Cement Retail Price Cap

July 27 , 2022

Retailers are compelled to sell a quintal of cement for between 770 Br and 870 Br depending on transport and handling costs determined by cement factories.

The Ministry of Trade & Regional Integration has reintroduced a price cap for cement retailers in a bid to fight alleged "hoarding" and "illicit trade practices."

Retailers are compelled to sell a quintal of cement for between 770 Br and 870 Br depending on transport and handling costs determined by cement factories.

It is the authorities' second attempt to control the cement market through price caps in two years. In June 2020, the Trade Ministry capped distribution costs to 20 Br a quintal, and limited wholesale privileges to six authorised dealers.


Nonetheless, trade officials have seen fit to try again after retail prices surpassed 1,200 Br a quintal in Megenagna, a cement hub in Addis Abeba, in recent weeks. |

The Ministry of Trade & Regional Integration has reintroduced a price cap for cement retailers in a bid to fight alleged "hoarding" and "illicit trade practices." |

The measure backfired. The Ministry was forced to remove the price cap two months later as the new procedures had brought on a severe cement shortage and driven an 80pc spike in parallel market retail prices.

Nonetheless, trade officials have seen fit to try again after retail prices surpassed 1,200 Br a quintal in Megenagna, a cement hub in Addis Abeba, in recent weeks.

The 14 operational cement factories are entitled to a five percent margin on their products. They have an aggregate production capacity of 8.4 million tonnes annually.

Put your comments here




Related Posts

Share This Post
Linkedin
Google+


Most read

Latest News

Editor's pick

Commentaries

Insurers Ought to Cut Prices Less, Satisfy Customers More

Delivering a superior customer experience takes more than developing a mobile app or...

The Post-Inflation Economy That Could Be

Economic commentaries nowadays are typically about inflation or recession, so let us...

Fineline

Leaders of the National . . .

Leaders of the National Election Board are in a charm offensive mood, of a sort. Last week, they organised a rare tour for members of the me...

When the country’s most. . .

When the country’s most senior diplomats and envoys return back to their posts after two-week debriefings, they leave behind a point or tw...

Editorial

Finance to the Tiller! Plebiscite on the Land Question

August 6 , 2022

Few initiatives by the administration of Prime Minister Abiy Ahmed (PhD) have been pu...

What Do New Banks Offer Their Older Cousins Don't?

July 30 , 2022

Ethiopia’s banking industry is not merely underdeveloped. It has historically regre...

Tweaking Tax Policies No Silver Bullet to Fund Budget Deficit

July 23 , 2022

The flip side of a government spending plan is financing. Behind the campaign promise...

Durable Peace Indispensable for Negotiating External Debt Restructuring

July 17 , 2022

Messrs Ahmed Shide and Eyob Tekalegn (PhD), minister and state minister for Finance,...

Gallery

Parliament Approves New Cabinet Members

October 6 , 2021

Parliament Approves New Cabinet, Incorporates Opposition Leaders Lawmakers have approved today the nominations of 22 ministers, including three opposition leaders. Two MPs have voted against, while 12 abstained...

2020 in Posterity

January 5 , 2021

TIGRAY VOTES DESPITE "NULL & VOID" THREAT

September 9 , 2020

IN-PICTURE: LAUREATE'S RECEPTION  

December 14 , 2019

PM Abiy Ahmed (PhD) at a Gala Dinner Called for the Awarding of the Félix Houphouët-Boigny Peace Prize

May 6 , 2019

Faces, Voices of Addis Abeba

April 26 , 2019

Sunday With Eden

Success Intoxicates the Faint-hearted

A few months ago, my husband introduced me to a wealthy woman who had recently lost h...

Repair but Not Compare: The 'Right' Marriages Say

Before tying the knot, my husband and I spent over a year in premarital counselling w...

Life Matters

Face the Rain Like Men

As the rainy season gets wetter, accompanied by heavier rain showers, it is not unusual to see folks with umbrellas. Little do they know tha...

Street Vendors Deserve Dignity Too

I was getting off the taxi a week ago when I saw two law-enforcement officers holding what appeared to be a small box for charger cables and...