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Global Business News

The Economic Times

Global Business / The Economic Times

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Asia's vendors grapple with rising costs of ever-present plastics

Rising plastic costs: Asian food vendors are struggling with soaring plastic costs, a direct consequence of the Middle East energy crisis. Despite a US-Iran deal, supply chain disruptions persist, particularly concerning the Strait of Hormuz. Vendors in Taipei and Bangkok report significant price hikes for essential items like bags and containers, forcing them to absorb the costs as customers resist price increases.

28 Jun 2026 10:27 am