Glove prices remain robust amid supply shortage

“Other than the shortage in nitrile rubber gloves, the industry is also facing a labour shortage due to the closure of international borders, ” the research arm of MIDF Amanah Investment Bank Bhd said in a note yesterday.

PETALING JAYA: The average selling price (ASP) of rubber gloves is expected to remain robust in the next one-and-a-half to two years, since industry players are projecting a shortage in nitrile gloves that could possibly last until 2023 due to the shortage in raw material supply, MIDF Research said.

The high raw material prices will lend support to the price of nitrile gloves, it said.