NewsWhore
01-28-2010, 02:40 PM
Customs director Rafael Camilo forecasts that the reconstruction work in Haiti will represent a boom for the DR construction sector. He said that there could be a decline in food exports because of the massive volume of humanitarian aid that Haiti is receiving. "Trade in eggs, chicken and other products will be affected, but once reconstruction begins many products manufactured in the DR such as cement, rebar and other construction materials will be purchased here because of cost-savings", he said. Camilo stated that the DR has the potential to supply the construction materials that Haiti needs. He also predicted that the US economic recovery would benefit the DR and said that he expected more economic activity in 2010. He was speaking on the occasion of the celebration of the World Customs Day.
Meanwhile, Listin Diario reports that the cost of construction materials is already on the rise in local markets. The newspaper says that the price of a bag of Portland cement increased from RD$240 to RD$260, a quintal of rebar is up 36%, from RD$1,100 to RD$1,500, in the past 2 weeks. Speaking for the hardware store importers association (Adoimfe), Martin Piniella Junco said he did not believe the increases were the result of speculation. He said that commodity prices and shipping tariffs are up. He said that a freight container that cost US$1,500 is now costing US$3,000.
More... (http://www.dr1.com/index.html#7)
Meanwhile, Listin Diario reports that the cost of construction materials is already on the rise in local markets. The newspaper says that the price of a bag of Portland cement increased from RD$240 to RD$260, a quintal of rebar is up 36%, from RD$1,100 to RD$1,500, in the past 2 weeks. Speaking for the hardware store importers association (Adoimfe), Martin Piniella Junco said he did not believe the increases were the result of speculation. He said that commodity prices and shipping tariffs are up. He said that a freight container that cost US$1,500 is now costing US$3,000.
More... (http://www.dr1.com/index.html#7)