MUMBAI, April 17 -- Cement prices across India have climbed to a one-year high after the West Asia conflict pushed up global energy and freight costs, raising input expenses for manufacturers, with analysts expecting further increases that could bring prices close to four-year peak levels.
Cement companies have raised prices by Rs.15-20 per 50 kg bag this month, lifting all-India average prices by about 5% in April compared with March, according to a Motilal Oswal report dated 10 April. Manufacturers are facing higher costs for fuel, packaging bags and other inputs, with early signs that the price cycle may extend further.
Dealers expect additional hikes in the coming weeks if demand remains steady, according to Motilal Oswal analysts....
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