CryptoWorld News reports, citing Agence France-Presse, that due to the continuing disruption of shipping through the Strait of Hormuz, Malaysia’s global largest condom manufacturer and a well-known rubber glove manufacturer said on the 24th that prices for rubber products have surged significantly. Malaysia’s leading glove company said that the cost of main raw materials for synthetic rubber gloves has doubled. Malaysia’s Kanger, which supplies brands such as Durex, said it has been forced to raise prices by as much as 30%. Malaysia’s rubber processing industry relies largely on oil, and the blockade of the Strait of Hormuz has not only driven up raw material costs, but also affected maritime transport order.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin