New Delhi, April 22 -- Karex Bhd, the world's leading condom manufacturer based in Malaysia, intends to hike prices by 20% to 30%, with further increases possible if supply chain issues from the Iran war persist, its Chief Executive Officer stated on Tuesday.

The company relies on a range of petrochemical-linked materials - such as ammonia used to preserve latex, ethanol for packaging and printing, and silicone oil to lubricate each condom.

The Malaysian company is currently experiencing a massive spike in demand as soaring freight expenses and delivery lags leave many buyers with depleted inventories, CEO Goh Miah Kiat told Reuters.

"The situation is definitely very fragile, prices are expensive... We have no choice but to transfer th...