Iron Price Up in Honduras
Starting the first half of January, an increase between 5 and 7% is being discussed.
Wednesday, January 5, 2011
Oscar Armando Calon, director of the Honduran Chamber of Construction Industry (CHICO), noted that they are analyzing the new price in light of increases in raw materials worldwide.
The union argues that a reduction in the price of gray cement would help revive the depressed construction industry.
After several negotiations with the cement industry, the Government authorized an increase of $0.37 (7 lempiras) in the bag of cement.
Over the course of a year prices have doubled in El Salvador, generating friction between farmers and traders.
From May 2011 to May 2012 coffee prices fell by more than $100 on the New York Mercantile Exchange (Nymex).
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