KL glove makers plan price hikes ahead of expected cost increases
They are anticipating a jump in commodity, labour and other input costs coupled with a weaker US dollar
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Kuala Lumpur
MALAYSIA's glove makers which have enjoyed a surge in earnings from stronger exports and lower raw material prices now plan to raise the price of medical examination and surgical gloves in anticipation of commodity, labour and other input cost increases coupled with a weaker US dollar.
In the past year, glove makers have enjoyed the benefits of a resurgent US dollar and low commodity prices. But the tide is turning.
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