SILK MARKET REPORT

July – August 2019

 

CHINA

Due to smaller production on new cocoons, which is 30/40% less than last year, the price of raw silk increased 30% from mid July. Good materials are limited both on mulberry and tussah. As the silk quilts business rebound, the prices of kibiso and tussah cocoons increased 20% even though the market of silk tops is still quiet.

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.