KUALA LUMPUR (Reuters) - A global shortage of medical gloves due to a coronavirus-driven surge in demand will carry over into next year, Malaysia, the world's biggest gloves supplier, said on Thursday, warning buyers to be wary of scammers promising quick supplies.
World consumption of the personal protective equipment is estimated to jump more than 11% to 330 billion pieces this year, two thirds of which are likely to be supplied by Malaysia, its rubber glove manufacturers association (MARGMA) said. It recently received more than a dozen reports of frauds and fake agents claiming to represent member companies for glove supplies. Counterfeit company letters were produced to appoint bogus agents or potential customers were quoted "ridiculous" prices with a promise to cut short delivery time.
"Buyers are reminded that while glove prices have soared and demand is overwhelming, the industry’s supply is being fully booked until early next year," MARGMA President Denis Low said in a statement.
"MARGMA foresees the shortage of gloves due to overwhelming demand this year to spill into 2021."
The global disposable gloves market was valued at $7.6 billion(6.06 billion pounds) last year and is expected to reach $11.8 billion by 2025, according to VynZ Research.
A Happy Happy Sparkling Morning to ... Toneefa , pjseow , Beary & our loyal Supporters May today brings us abundance of Joys Supermax Daily Green will do...... Peace & Love
'Strong likelihood' of more dangerous Covid variants, warn WHO experts The WHO emergency committee noted that the pandemic continues to evolve with four variants of concern and emphasised the risk of the emergence of new zoonotic diseases.
The emergency committee of the World Health Organization (WHO) has warned about the “strong likelihood” for the emergence of more virulent and dangerous variants of coronavirus that may be more challenging to control. After the eighth emergency committee meeting on Wednesday regarding the coronavirus disease (Covid-19), the WHO experts released a statement saying the pandemic remains a challenge globally.
“The Committee recognised the strong likelihood for the emergence and global spread of new and possibly more dangerous variants of concern that may be even more challenging to control,” the experts said. ---------------------------------------------------------------- Strongest warning from WHO, more dangerous variants will emerge soon, and emergence of new zoonotic diseases. God have mercy on humanity.
those who know virus.. would lough to hear that covid would we eradicated anytime soon.. infact, human already too late to contain this spread.. unlike 100 yrs ago, ppl movement still limited, nowadays, they can travel within hours to reach thousand mile distance to spread the virus.
they short above $4 - 5$ la weiill.. where got fire??..you cant beat them .. last january when all ppl curse JP..which turn out true.. thiss SS makes tons of $$$.
yes. cases are high now but they can suddenly announce improved version of vaccine is made which has high efficacy on delta epsilon do re me. then how? everyone rush for exit? it's too risky for fund to push. they can get trapped.
@Jef3880 Toneefa , Will hold till you give Green light So pls do inform us once times to sell Holding tight tight my miserables 250 lots Peace & Love 16/07/2021 9:28 AM
Jef3880 hold till 5.0 then its up to u to let go thereafter. Of course, it has potential to go beyond that but lets see how the situation develops. Of course things are always dynamic and anything can still happen that can affect either negatively or positively along the way. 250 big or small lots?
Just yesterday alone these countries that have escaped the previous waves have recorded a significant daily cases surge in comparison to their total accumulated daily cases so far:
In relative terms the above surges are exponential and this seems to be the pattern of this Delta variant. Once it gets a foothold, such exponential surge will be inevitable. Many of these previously unscathed countries have relatively low vaccination rates. So likely they may drive the next exponential surge of glove demand in this coming wave.
@Jef3880 Toneefa , it's Big .... That's why calling it miserables Average twice to around $4.66 Peace & Love 16/07/2021 9:45 AM
Haha, hopefully soon they will turn from miserable to ecstatic! I'm still studying the development of this Delta variant and its impact to coming glove demand from different angles.
But meanwhile still need to take precaution and don't chase high, don't contra play, only long term players should nibble while the rest should just hold tight tight.
Look like more n more doses need to be jabbed into your body , pfizer already crazy ask USA to approve 3rd dose booster shot ! Will there be other 4th or 5th dose .....???
The Delta variant has created a deep fundamental structural change to the perception of the virus and the response to the pandemic. It's made the Covid looked much more sinister and deadlier than before. Its no more the old folks disease. It has opened up the disease to be everybody's disease. meaning anybody can die now. Would anybody now still argue if you need gloves for vaccination. Would the naysayers still want an ungloved pair of hands to touch them or the needle during vaccination? Going forward, many more countries than previous waves especially those with low vaccination rate, will have to increase their strategic stockpiling of PPE and gloves. N95 masks and medical gloves will be top of the priority. Even those with high vaccination rate will also have to prepare for the emergence of new and deadlier variants as mentioned by WHO. There is no doubt going forward, glove shortage will be very acute and likely will drive up the ASP further, as every country would need to prepare for the worst case scenario ahead as pointed out by the chief of WHO.
Pfizer just want to make money only mah. 3rd jab is booster then 4th jab is super booster then 5th jab is sinkalan booster n on n on until 100 booster.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Bullrunrun
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https://www.bursamalaysia.com/misc/missftp/sblnt/NetShortPosition20210714.pdf