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Condom Prices Rise


The price of natural rubber has risen by 65 per cent in recent months after tapping across south-east Asia was disrupted by poor weather and flooding.

Prices have already tripled in the past two years and the heavy rainfall, which has affected collection and production, has further forced costs up and stocks down.

Major manufacturers are now warning that prices for their goods may have to rise to offset increased production costs.

Tyre companies including Bridge-Continental, Michelin and Goodyear have already been forced to pass on some of the rises to their customers and analysts believe further hikes will inevitably follow.

Condom retailers have reported rises of up to 20 per cent as the cost of the raw product continues to inflate and rubber glove manufacturers have warned they are also seeing their margins squeezed.

While prices for natural rubber remain just short of their all-time high on exchanges around the world, demand did decrease during the financial crisis but demand has started to improve.

 

Author: Chris Slay

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