The world's largest condom manufacturer will significantly raise prices due to the war with Iran
Malaysian company Karex Bhd plans to raise product prices by 20–30% due to logistical disruptions and rising raw material costs caused by the conflict involving Iran. The manufacturer, which supplies over 5 billion units annually to the Durex and Trojan brands, is forced to pass on costs to customers amid shortages and rising demand.
This was announced by the company’s CEO, Ho Mia Kiat, in a comment to Reuters, noting that delivery times to Europe and the U.S. have doubled due to supply delays.
The situation is compounded by rising prices for rubber, nitrile, and packaging materials, which are having a critical impact on markets, particularly in developing countries. As the global market adjusts to the new prices, logistical challenges in Russia and other sanctioned regions could lead to an even greater reduction in the range of contraceptives available. Against the backdrop of cuts to international aid programs, particularly from USAID, global condom supplies remain at unstable levels.
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