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Mideast War Drives up Condom, Rubber Glove Prices: Manufacturers
The Malaysia-based maker of 5 billion condoms a year cites higher input and freight costs as shipping disruptions squeeze production.
- On Friday, Malaysia-based Karex announced price increases of up to 30 percent, citing supply chain disruptions from the Strait of Hormuz closure that affect roughly one-fifth of global condom production.
- The de facto closure of the Strait of Hormuz following February 28 strikes by the United States and Israel has driven up crude oil and natural gas prices, triggering broader increases in raw material costs.
- Karex Chief Executive Goh Miah Kiat said the company experiences "longer lead times from suppliers, increased price volatility and higher freight costs," while holding critical silicone oil "used in every condom."
- Global glove supplier Top Glove reported that nitrile butadiene rubber prices increased by more than 100 percent, while input costs for natural rubber gloves rose by approximately 30 percent.
- Karex serves major public health programs including the World Health Organisation, and Goh warned that if supply constraints worsen, consumers may begin stockpiling, potentially halting production.
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Out Magazine
Gay Pride - LGBT & Queer VoicesCondom prices might skyrocket, thanks to Iran war
Prepare to pay a little more for safe sex in the coming months as the price of condoms skyrockets in the wake of the Iran war.The world’s largest condom manufacturer has warned it’s going to be raising prices by up to 30 percent because of supply chain disruptions caused by the chokehold on the Strait of Hormuz.Karex, which produces about five billion condoms a year, blamed the war for the rising cost of the raw materials needed to produce condo…
The war in the Middle East does not only increase the price of oil, it has an impact on the entire rubber industry.
The rubber industry in Malaysia is struggling to supply because of the blockade of the Strait of Ormuz.
The prices of rubber products have skyrocketed as a result of the war-related supply chain disruptions in the Middle East, announced Friday the world's largest condom manufacturer and a major glove manufacturer, both based in Malaysia. ...
InsideNoVA.com
Mideast war drives up condom, rubber glove prices: manufacturers
Prices of rubber products have shot up due to supply chain disruptions stemming from the Middle East war, the world's largest condom maker and a leading glove manufacturer, both based in Malaysia, said on Friday.
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