CEMENT prices in Ndola have started falling after Dangote Industries Zambia Limited offloaded its commodity on the market at lower costs.
A survey conducted in Ndola yesterday revealed that traders have reduced the price of other cement products by about K14 due to cheaper Dangote products.
The price has fallen from about K75 to K61 and K62. At Micmar branch in the town centre, the commodity was fetching at K62 for Zambezi Portland cement, while Dangote cement was selling at between K61 and K62 and that of Lafarge was ranging between K62 and K68.
“This new (Dangote) cement on the market is of good quality. that is why most consumers seem to prefer it and the price is affordable,” Ackson Chibwe, a trader at Masala market, said.
Recently, the K400 million-worth Dangote Industries plant offloaded the commodity on the local market with the wholesale price pegged at K58.