KUALA LUMPUR: The Malaysian Rubber Glove Manufacturers' Association (MARGMA) has advised its members to increase and adjust prices to be in tandem with high raw material costs and continued weakening US dollar.
MARGMA president KM Lee said on Tuesday, Oct 19, most rubber glove manufacturers had started raising prices of their products to reflect the increasing raw material costs and the weakening of the US dollar. ''
'If the orders forthcoming do not match the glove price requested, glove makers have no choice but to reduce the output,' said Lee.
MARGMA said the price of natural rubber latex had increased by about 19% from an average 657.25 sen/kg in January 2010 to close at a new record high of 782.00 sen/kg on Oct 15, 2010.
Meanwhile, the US dollar has weakened against the ringgit by around 13% compared to 12 months ago, it said.
Lee said the rubber glove industry has been in the limelight recently as rising latex prices and weakening US dollar became the primary concerns that are affecting the businesses of glove makers.
MARGMA president KM Lee said on Tuesday, Oct 19, most rubber glove manufacturers had started raising prices of their products to reflect the increasing raw material costs and the weakening of the US dollar. ''
'If the orders forthcoming do not match the glove price requested, glove makers have no choice but to reduce the output,' said Lee.
MARGMA said the price of natural rubber latex had increased by about 19% from an average 657.25 sen/kg in January 2010 to close at a new record high of 782.00 sen/kg on Oct 15, 2010.
Meanwhile, the US dollar has weakened against the ringgit by around 13% compared to 12 months ago, it said.
Lee said the rubber glove industry has been in the limelight recently as rising latex prices and weakening US dollar became the primary concerns that are affecting the businesses of glove makers.
No comments:
Post a Comment