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Shortage Concerns Drive Rising Prices for Ag Plastic

Farmers are facing fast rising prices for agricultural plastics as manufacturers try to recover from February’s severe freeze in Texas. Several distributors of bale wrap, silage covers and other plastics used by farmers have reported delays in ordering products, increased demand and rising prices. Some of the snarl appears to be self-inflicted, with fears of a shortage prompting people to buy more and earlier than normal. But the root cause lies with Mother Nature. Many chemical plants around Houston shut down in mid-February when the area was slammed by single-digit temperatures, ice and snow that resulted in massive power outages. The area produces most of the nation’s resin used in plastic manufacturing.

Resin shortage hitting molders, auto suppliers

Resin shortage hitting molders, auto suppliers Myers Industries Inc. Myers Industries Inc., a maker of pallets, totes and industrial material handling, is raising its prices 8 percent due to the rising cost of resin. Rising resin prices and a shortage of available material is being felt by molders who are increasing their own prices, limiting deliveries and potentially halting auto production. Confer Plastics Inc., a North Tonawanda, N.Y.-based blow molder and swimming pool accessory maker, is rationing material and had to lay off 40 workers because of the resin shortage. My concern is, that as fluid as the situation has become, we might have to lay off more in the coming weeks, owner Bob Confer said in an email. Currently, we re planned to be in receipt of about 30-40 percent of our typical monthly demand, which is a really significant hit, especially in a year when we ve been busier than we ever have been.

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