Iran war effect on Condom Price: Now the Iran war may affect the prices of condoms also. According to media reports, the cost of making condoms has increased due to shortage of the materials required to make it, due to which there is a danger of prices increasing by 40-50% in India.
Condom Price Hike Reason: The Iran war may now affect condoms as well. Condom prices in the country may increase by up to 50% and your favorite brands may also disappear from the market in the coming days. You might be thinking that if missiles are falling in Gulf countries, then why is there a danger of condoms becoming expensive in India? Actually, the whole game is of supply chain. India imports most of the special materials required for making condoms from outside. According to Mint report, mainly 6 things are used in making condoms. Due to war, the supply chain of almost all these things has been broken. For this reason, big condom manufacturing companies like Mankind Pharma (Manforce), HLL Lifecare and Cupid Limited are facing acute shortage of raw materials.
What 6 things are condoms made of?
- Natural Latex: The base of condoms, which comes from rubber trees.
- Ammonia: Ammonia is most important to prevent latex from setting. India imports 86% of its ammonia requirement from countries like Saudi Arabia, Qatar and Oman. Due to war, the ‘Hormuz Route’ is closed and ships are not able to come. This is being said to be the main reason for this crisis.
- Silicone Oil: It provides lubrication to the condom. The prices of this oil coming from China are skyrocketing.
- Sulfur and Zinc Oxide: The prices of these chemicals required for strength have also increased.
- Packaging Material: Aluminum and PVC foil prices are no longer stable.
- Flavors and Colors: Global logistics has also affected their supply.
What will be the impact if condom prices increase?
According to health experts, even a small increase in the prices of condoms has a big impact. If the prices increase by 50%, the economically weaker section may reduce their use, which will increase the cases of unwanted pregnancies. Insufficient use of condoms can increase the risk of sexually transmitted diseases (STIs). Apart from this, the Indian government aims to meet 75% of the demand for contraceptives by 2030, but this shortage may cause a major blow to the ‘National Family Planning Programme’.
Why are condom manufacturing companies silent?
When big brands like Manforce, Durex and Kama Sutra are refusing to say anything on this, but according to media reports and industry sources, suppliers have started hoarding raw materials, due to which the prices are increasing further. If the situation does not improve soon, packets of some big brands may disappear from the market.