Some reports indicate that spot prices of gloves have skyrocketed by as much as 400% in the past few months as panic buying of gloves ensues. In essence, this means, there is now a futures market for these gloves.Perhaps it is a good time for someone to create a credible platform for glove futures.
Rubber glove profiteering
AS local glove makers strive to fulfil orders, a flurry of middlemen have emerged.
Try placing a large order today with any of the top glove makers, and you will be put on a long waiting list.
But there are brokers who can help fulfil your orders. One modus operandi of the brokers is to buy up orders from parties who no longer need the gloves
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