Prices of condom are set to raise by 20 to 30 percent due to the Iran war and as confirmed by world’s top condom producer Karex Bhd through its chief executive.
Karex revealed that there is a rising demand in condoms following delays in delivery affected by rising freight charges and delays in shipping, said Karex’s CEO Goh Miah Kiat to Reuters.
“The situation is definitely very fragile, prices are expensive… We have no choice but to transfer the costs right now to the customers,” he said
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Karex, the manufactures of Durex and Trojan produce over 5 billion condoms annually as well as other health products used by NHS in UK and US led programmes.
The company is among other players in the health industry including manufactures of medical gloves who have experienced delays in receiving raw materials due to the Iran war.
Accoridng to Karex CEO, prices of synthetic rubber and nitrile have risen since late February and it has trickled down to packaging materials among others.
The company is now considering to boosy is manufacturing process to meet it demand as thay have currently run low on its stocks. They have also been greatly affected by the budget cuts in the US and the UK.
We’re seeing a lot more condoms actually sitting on vessels that have not arrived at their destination but are highly required,” said Goh
