Glove exports surge due to outbreak
Malaysia’s rubber glove exports are likely to surge nearly 20 percent to 230 billion pieces this year, up from 192 billion pieces last year, as the world rolls up its sleeves to fight against the deadly novel coronavirus .
"This will mean that the rubber gloves export revenue is also expected to grow higher than the earlier forecast of RM20.68 billion," he toldAs the disease has spread internationally, Low anticipates global demand for rubber gloves to increase by 15 to 20 percent, up from the normal demand growth of 8-10 percent.
"It depends on the duration of this outbreak, and it is definitely not going away soon and could easily drag through another six to eight months," he said. As of yesterday, over 35,000 confirmed cases have been reported, including 15 in Malaysia, while the death toll has reached 725 people.
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