The 'double-headed monster' set to push up prices at the check-out
Rising plastic resin prices due to supply disruptions from the Middle East conflict are increasing costs for packaging, affecting products from milk to cosmetics. Companies like Pact Group and Impact International are passing on higher material and freight costs, warning of broader inflationary impacts. Supermarkets Coles and Woolworths have already raised prices on home-brand milk in response to these pressures.
- ▪The cost of food-grade resin from Singapore has increased by 110% since the start of the Middle East war, reaching $US1,920 per tonne.
- ▪Pact Group, a major plastic packaging supplier, has informed customers it is passing on higher resin, freight, and raw material costs.
- ▪Coles and Woolworths have raised prices on their home-brand milk lines due to rising packaging, fuel, and fertiliser costs.
- ▪Norco, a farmers' cooperative, estimates that rising diesel and plastic costs are adding $1.6 million per month to its expenses.
- ▪Impact International, a cosmetics packaging manufacturer, is increasing prices for major brands, citing supply chain pressures similar to those seen during the pandemic.
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Plastic packaging price pain could push up costs for shoppers on everything from milk to make-upBy business reporter Emilia TerzonTopic:Plastics, Polymers and Rubber ManufacturingWed 29 Apr 2026 at 5:11amWed 29 Apr 2026 at 5:11amWed 29 Apr 2026 at 5:11amLoading...In short:Companies that use plastic packaging are facing price pressures and supply disruptions, which they warn will likely mean higher costs for consumers.The cost of food-grade resin out of Singapore, which is used in milk bottles, has increased 110 per cent since the start of the Middle East war.What's next?The Reserve Bank will decide whether to hike interest rates next week, as it monitors the inflation fallout from the war.abc.net.au/news/plastic-price-pain-hits-inflation-woolies-coles-milk-bottles/106615694Link…
Excerpt limited to ~120 words for fair-use compliance. The full article is at Net.