Home / Knowledge / News / Textiles / Caustic soda price may rise in Indian market
Caustic soda price may rise in Indian market
24
Sep '15
The recent imposition of anti-dumping duty on caustic soda imports from China and South Korea may lead to an increase in the price of the product in the Indian domestic market, feel some experts.

Following a petition filed by Alkali Manufacturers' Association of India, the government in June this year imposed anti-dumping duty on caustic soda, a chemical used in textile processing and dyeing. The anti-dumping duty ranges from 'nil' to $48.39 per dry tonne depending on the producer and country of export (China or South Korea).

“With the levy of anti-dumping duty on caustic soda, the local industries will benefit immediately. But now, the local producers will hike selling prices as much as the import duties,” Jim Rogers, chairman of Rogers Holding Ltd and author of 'Street Smarts – Adventures on the Road and in the Markets' told Fibre2Fashion.com

On being asked about the scenario of demand for caustic soda in India being higher than its supply, he said that the local manufactures will eventually add supply. But in the meantime, the excess demand will be met by higher-priced imports, and all consumers will have to suffer higher prices.

Opposing the levy of anti-dumping duty, Manikam Ramaswami, chairman and managing director of Loyal Textiles commented, “In my opinion, we should not have anti-dumping duties on any product that is made by only a handful of manufacturers, as it leads to cartelisation and increased prices.”

“If there is any genuine dumping and if more than 25 per cent of the country's requirement is coming from imports (to an extent dumping happens), the few domestic manufacturers who make that product may be given direct subsidies based on sales output,” he suggested.

India has an estimated annual caustic soda manufacturing capacity of three million tonne. It imported 550,000 tonne caustic soda in 2014-15 compared to 400,000 tonne in 2013-14. (MCJ)

Fibre2Fashion News Desk - india


Must ReadView All

Pakistan govt notifies 50% duty drawback on exports

Textiles | On 21st Oct 2017

Pakistan govt notifies 50% duty drawback on exports

The Pakistan government has notified the ‘Duty Drawback of Taxes...

Ghana sets up task force to clamp down on textile piracy

Textiles | On 21st Oct 2017

Ghana sets up task force to clamp down on textile piracy

Ghana’s ministry of trade and industry has set up a taskforce to...

Courtesy: Coach

Fashion | On 21st Oct 2017

US company Coach to change name to Tapestry from Oct 31

Coach Inc., a New York-based house of modern luxury accessories and...

Interviews View All

Karin Ekberg
Leadership & Sustainability

Sustainable models are beneficial for brands, retailers and manufacturers

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli
Epson, For.Tex & F.lli Robustelli

‘The percentage share of printing in the global textile market is pretty...

Anavila Misra
Anavila Collection

Fashion shows are also encouraging and highlighting sustainable fashion

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

Ravindra Jain, Ashish Baid

Oswal Prints Private Limited has been manufacturing and exporting ethnic...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

October 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
77.1%
No
12.9%
Skip
10.0%

Total Votes: 70

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.4%
No
28.6%
Skip
10.0%

Total Votes: 70

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
85.7%
No
10.0%
Skip
4.3%

Total Votes: 70

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
75.7%
No
11.4%
Skip
12.9%

Total Votes: 70


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search