PETALING JAYA: Malaysian Rubber Glove Manufacturers Association (Margma), today, said medical gloves prices will rise between 9 and 12 per cent, due to costlier feedstock and a stronger ringgit against the US dollar. "Prices of butadiene and natural rubber latex, the two main feedstock for medical gloves, are rising," said Margma president Denis Low Jau Foo. "We have no choice but to advise members to raise glove prices to better reflect the sharp jump in production cost," Low said. Margma has also caution members to limit their validity date so as not to get caught out in the unpredictability of rubber and butadiene prices. "As manufacturers, we want natural rubber prices to be stable and for farmers to be adequately compensated for their work.

Source: New Strait Times September 12, 2017 08:15 UTC