El Salvador: Industrials Expect Price Increase
Due to consequences from Japan´s earthquake, manufacturers expect an increase in price of plastics, chemicals, oil, iron and steel.
Friday, March 25, 2011
The executive director of the Salvadoran Association of Industrialists (ASI), Jorge Arriaza, stated it is still unknown at which rate the increase would affect the Salvadoran industry.
For some items, the increases requested by the Cetac are over 60%.
The increase in oil prices affects agriculture in both energy prices and in the cost of fuels required by this activity.
The Salvadoran Association of Industrialists (ASI) will submit a proposal with new policies to seek recovery of the sector.
Up to and including November, 2008, industry sales fell 36.1% due to lower demand for products.
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