War's Impact: Condom Prices Soar by 30%

0:00Carrex, the Malaysian company behind one in every five condoms sold worldwide, plans to jack up prices by as much as 30% soon. The reason? Angling war in the Middle East, messing with supply chains and spiking costs for raw materials. Their CEO says this is one of the biggest hikes they've done in years. They're already talking price bumps with customers set to hit in the next few months. Right now, they've got enough stock to produce for two to three more months. But after that, it's dicey if the conflict drags on. Shares and koala them poor jump 14% midweek before cooling off. This ripple shows how the war's chaos, already hitting energy, food and fertilizers, now touches everyday stuff like protection. Rivals and places like India face even worse disruptions, and strict rules make swapping suppliers tough for these medical grade products. On top of that, less aid from groups like USAID means more buyers flooding the commercial market, ramping up demand. But the CEO doesn't rule out more increases down the line.

1:03Even with higher prices, folks aren't expected to cut back. Demand stays steady, especially in tough times when planning ahead matters most for families. That's your Calgary News today update, AI powered and always on.