Late last week, the Malaysian Rubber Glove Manufacturers’ Association (MARGMA) released a statement (see below) threatening to reduce supply if buyers do not accept price increases resulting from increased natural gas prices.

The increased natural gas prices are the result of subsidy cuts announced by the Malaysian government in early June. MARGMA claims that, combined with higher raw material prices, manufacturing costs for latex exam gloves have increased by as much as $9.00 per case.

See also:
Inflation, oil send costs of medical supplies soaring