The Ministry of Industry and Trade (MOIT) recently reported that import prices for thread basically required for local textile and garment production, have seen an increasing trend.
According to the statistics, the period from January to November last year, saw a strong price hike from most of supplier countries, where as plunge was observed only in a few.
The boost in thread prices was seen mainly from the Korea, quoted at US $0.78 per reel, up 22.8 percent over same period 2006. In Japan, rates were $9.03 per reel, augmenting by 80 percent and for China with $0.79 per reel showing a rise of 15.6 percent.
In contrast to this, the prices at the Taiwan market went down to $0.7 per reel on average, dropped by 90 percent, Germany quoted at $1.43 each reel falling by 17 percent and Latvia for $3.52 each unit descended by 39 percent.
It is noteworthy that in November 2007 the price of 100 percent cotton thread imported from Thailand stood stable, quoted at $4.2 per reel; of 100 percent polyester thread from Hong Kong and Japan increased by $1.11 and $3.9 each reel, respectively and nylon ones from Japan were quoted at $3.55 each unit.
Fibre2fashion News Desk - Vietnam
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