Home / Knowledge / News / Textiles / Yarn prices slack as demand for knitwear dampens
Yarn prices slack as demand for knitwear dampens
16
Jun '08
There has been a perceivable decline in yarn prices in the local markets over the last 15 days. Lean market, slow down of US economy and soaring crude oil prices have been marked as some of the major reasons behind this down trend.

The 30-count yarn which is widely used as a raw material for knitwear products is presently selling between US $2.75 and $2.80 a kilogram compared to $2.95-$3.0 per kilogram just two weeks back.

Experts strongly believe that prices have dropped also because of a good stock of both cotton and yarn brought by the traders. Cotton prices remained stable at 78-80 cents per pound in the international market for the last few months. This propelled Bangladesh to import 4.6 million bales of cotton from Uzbekistan and other CIS countries to meet domestic industrial demand.

Market analysts have observed that the prices of yarn started soaring since September last year when it touched $2.5 per kilogram. The index touched $2.75 per kilogram in December and $3.0 per kilogram in March, remaining pretty much the same till May.

The recent fall in prices, have mainly been attributed to plummeting demand for knitwear products in the international market, resulting in a dull season. However, experts believe that the present situation is a temporary one.

Sweaters along with T-shirts and Polo shirtsaccount for 70 percent of the total knitwear production.

To tide over this situation, a suggestion has been made to increase production of sweater because while the demand for T-shirts and Polo shirts have declined, that for sweaters have risen tremendously.


Must ReadView All

Turkish-Algerian JV to set up textile unit in Relizane

Textiles | On 17th Jan 2018

Turkish-Algerian JV to set up textile unit in Relizane

Construction of one of Africa's largest textile production...

Courtesy: Indorama Ventures

Textiles | On 17th Jan 2018

IVL, Huvis to enter JV for Low Melting Fibre plant in US

Indorama Ventures Limited (IVL), a global chemical producer, and...

Future Group to set up garment manufacturing in Bengal

Apparel/Garments | On 17th Jan 2018

Future Group to set up garment manufacturing in Bengal

Kishore Biyani-led Future Group is going to set up a garment...

Interviews View All

Headhonchos
Indian fashion industry

Organic the first choice of any environment-conscious person

Kamlesh Vaghela
RK Textiles

Very few machinery manufacturers have R&D units

Dinaz Madhukar
DLF Emporio and DLF Promenade

‘Each event and promotion is planned out keeping in mind the business of...

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Harmeet Singh

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

Anupam Arya

<div>Jaipur-based Fabriclore Retailing Pvt. Ltd. is attempting to revive...

Kevin Nelson
TissueGen

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

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Amiben Shroff
Shrujan

From its modest beginning in the late 1960s, Shrujan has grown into a...

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

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

January 2018

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
68.8%
No
13.5%
Skip
17.7%

Total Votes: 96

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
63.5%
No
29.2%
Skip
7.3%

Total Votes: 96

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
87.5%
No
9.4%
Skip
3.1%

Total Votes: 96

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
82.3%
No
8.3%
Skip
9.4%

Total Votes: 96


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