SILK MARKET REPORT

April 2019

CHINA

The new mulberry cocoons came out from Guanxi Province in April of this year. The price is 30% lower compared to last year while production is 35% lower than last year. The market for raw silk shrank noticeably during the last season therefore farmers stopped seeding their silkworms. This leads to a sharp decrease of new cocoons.

SILK MARKET REPORT

February – March 2019

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.