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.