Vista Outdoor, the parent company of many ammunition manufacturers, including Federal, CCI, and Remington, has warned that ammunition costs will soar in 2024 owing to a global lack of gunpowder.
Vista Outdoor notified consumers in a letter that they would begin raising prices on all of their ammunition items due to “an anticipated global shortage of gunpowder.”
Vice President of Sales Brett Nelson stated, “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.”
Nelson did not specify what global events are driving the gunpowder shortage, but it is apparent that the wars in Ukraine and Gaza have raised the need for ammunition.
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Newsweek reports:
Vista Outdoor, a parent company to many firearms businesses, told Newsweek that it will substantially increase its ammunition prices due to “an anticipated global shortage of gunpowder.”
The Minnesota-based company confirmed the authenticity of a December 1 letter sent to customers that it would go ahead with an across-the-board increase of its ammunition and gunpowder prices on January 1.
“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,” Vice President of Sales, Sporting Products Brett Nelson said in the letter. “We must therefore raise our pricing to help offset those increases.”
Companies that will increase their prices include Remington, Alliant Powder, CCI, Federal, SEVI-Shot and Speer.
In December 2022, Remington, CCI, Speer, and Federal Ammunition contributed one million rounds of ammunition to Ukraine’s Armed Forces.
Remington, CCI, Speer and Federal Pledge Support to Ukraine through One-Million Round Ammunition Donation and Online Fundraising @GlobalGiving https://t.co/YpId5BXQc1 pic.twitter.com/8kcWxlVDFF
— Firearms Guide (@FirearmsGuide) March 8, 2022
If they can’t take the guns, they will go after the ammo.