The price of natural rubber has risen by 65% in recent months after tapping across south-east Asia was disrupted by poor weather and flooding. Costs 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% as the cost of the raw product continues to climb and rubber glove manufacturers have warned they are also seeing their margins squeezed.
Analysts have predicted further price rises in the coming months.
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% as the cost of the raw product continues to climb and rubber glove manufacturers have warned they are also seeing their margins squeezed.
Analysts have predicted further price rises in the coming months.
No comments:
Post a Comment