KUALA LUMPUR: Shares of rubber glove makers declined in early trade after the Malaysian Rubber Glove Manufacturers' Association (MARGMA) advised its members to increase and adjust prices to be in tandem with high raw material costs and continued weakening US dollar.
At 9.31am, Hartalega was down seven sen to RM5.35, Top Glove down six sen to RM5.62, Kossan shed two sen to RM3.18, while Supermax, Adventa and Latexx shed one sen each to RM4.64, RM2.40 and RM2.85 respectively.
MARGMA president K M 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.
At 9.31am, Hartalega was down seven sen to RM5.35, Top Glove down six sen to RM5.62, Kossan shed two sen to RM3.18, while Supermax, Adventa and Latexx shed one sen each to RM4.64, RM2.40 and RM2.85 respectively.
MARGMA president K M 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.
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