Vista Outdoor, a parent company to many firearms businesses has stated that the prices of ammunitions will rise substantially in anticipation of global gunpowder supply scarcity.
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Vista Outdoor, a Minnesota-based firm, confirmed to Newsweek that it would go ahead with an across-the-board increase of its ammunition and gunpowder prices on January 1, 2024.
“Due to world events our suppliers have notified us of unprecedented demand for and an anticipated global shortage of gunpowder, and thus has increased our prices substantially,” Vista Outdoor’s vice president of sporting product sales, Brett Nelson, was quoted as saying in a letter.
“We must therefore raise our pricing to help offset those increases.”
The price increase will apply to all orders that will ship on or after January 1, 2024. The company told customers that unless they cancel a delivery, their order will be repriced. Brett Nelson said the revised price lists will be provided in the coming weeks.
The increases would include:
- Shotshell: 1-7 percent
- Rifle: 1-7 percent
- Handgun: 1-5 percent
- 22LR/Shorts: 1-5 percent
- WMR/HMR: 1-7 percent
- Primers: 5 percent
- Alliant Powder: 10 percent (limited availability).
Vista Outdoor did not specify which global events had contributed to the price increase, according to Newsweek. The magazine, however, noted that the Ukraine conflict and the hostilities between Israel and Hamas had substantially pushed up ammunition demand.
Vista Outdoor had in a response to a call from Ukrainian President Volodymyr Zelensky, pledged to support the country through a 1-million round ammunition donation in March 2024.
In September, NATO allies and partners met in Paris and agreed to $2.58 billion worth of contracts and orders for “hundreds of thousands of pieces of key ammunition.”
The Newsweek report indicated that among the companies expected to increase prices are Remington, Alliant Powder, CCI, Federal, SEVI-Shot, and Speer.
Nnamdi Maduakor is a Writer, Investor and Entrepreneur
