February – March 2019

Silk Market Report

Published April 12th, 2019 by Marco Spina

CHINA

As per silk, the price of Kibiso silk went down due to a quiet market. With the VAT reduced from 16% to 13% from April 1st, the price for materials has reduced accordingly. The price of raw silk is still in low position, which might lead to lower price for new cocoons which will come out during the mid of April.