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Manufacturer Karex announces price increaseBecause of the Iran War! Now condoms are also becoming more expensive
Condoms could soon cost significantly more (symbolic image)
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Contraception becomes a luxury.
The world's largest condom manufacturer is drastically increasing its prices. The company gives several reasons for this. Things could be even worse for customers.
Condoms are said to cost 20 to 30 percent more
The world's largest condom manufacturer Karex wants to raise prices by 20 to 30 percent. The company cites disrupted supply chains as a result of the Iran war as the reason. Company boss Goh Miah Kiat tells the Reuters news agency: “The situation is definitely very sensitive, the prices are high… We have no choice but to pass the costs on to customers now.”
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The demand for condoms has already increased by around 30 percent this year. Many customers only have low inventories due to high freight costs and delivery delays.
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Further price increases are possible
In addition, the costs of raw materials such as synthetic rubber, packaging material and silicone oil are also increasing. The Malaysian company produces more than five billion condoms every year.
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It supplies well-known brands such as Durex and Trojan, as well as government health systems and UN aid programs. The company boss makes it clear that further price increases are possible if problems in the supply chains persist. (yeah)
Sources used: Reuters
