Natural latex rubber prices have pushed upward in recent weeks, driven by surging oil prices.  Since synthetic rubbers alternatives are a by-product of crude oil, oil prices indirectly impact the cost of latex.  Demand has also risen in recent weeks, fueled by buyers at tire makers following record car sales in July in the US.  Supply is also believed to have dropped sharply in recent weeks, particularly in India, one of the world’s largest producers.

Already, latex glove manufacturers are warning of possible price increases if raw material costs continue to climb.  According to the CEO of one glove manufacturer, quoted in the Malaysia Star, ““The possibility of it moving upward is always there, similar to the oil price trend.”