Home / Knowledge / News / Textiles / Prices of textile fibres touch all-time highs
Prices of textile fibres touch all-time highs
11
May '10
Along with other raw material commodities used in the textile sector like cotton, wool, man-made fibres etc, prices of raw silk too are climbing. Prices of all these commodities which had scrapped the bottom of the barrel in 2009 are now once again soaring.

Prices are ascending due to the recovery in global demand in the last few months for textiles and clothing. But this upsurge in prices is creating a multiplier effect on prices across the value chain, as prices of yarn and fabrics too have moved up in tandem.

The price of silk is at its highest level in at least 15 years. Coarse wool, used in carpets, too is ruling at the highest level; the levels last witnessed in 1980, while US cotton futures in New York are also trading at near 14-year high's.

But at the same time, the low prices of cotton, wool and silk, in the last few years, drove the growers towards more remunerative sources. Cotton farmers shifted to grains, sheep breeders turned their focus to meat production and silk cultivators moved towards better income generating activities.

The sheep flock in Australia, the world's largest wool producer, dropped by 56 per cent between 1990 and 2008, according to official data from the Australian government. However, since man-made fibres are derivatives of crude oil, the onus of pricing lies on movements in crude oil prices.

The bigger headache is the ultimate increase in finished product prices. The price increases in the value-chain means a higher cost of the finished product. The biggest worry for a retailer is to justify regular price increases in the products to the consumer, since raw material prices have been rising with each passing month.

Fibre2fashion News Desk - India

Must ReadView All

Courtesy: AWI

Textiles | On 20th Jan 2017

Australian wool EMI at highest ever level in Au$ terms

The Eastern Market Indicator (EMI) managed to forge ahead by a...

Textiles | On 20th Jan 2017

Bangladesh could earn $60 billion in exports by 2021

Bangladesh is expected to earn over $60 billion in exports by the...

Textiles | On 20th Jan 2017

Xeros to focus on textile sector to develop technology

Xeros technology group plc, the developer and provider of patented...

Interviews View All

Ajay Ghariwala
Luthra Group

We are ready to adopt or follow every opportunity

Awen Delaval
Samatoa

'Natural fibres are appreciated for traditional authenticity'

Anvita Mehra
Confidential Couture

‘It is going to take some time for Indian buyers to get accustomed to...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Johan Berlin
InvestKonsult Sweden AB

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

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Silvia Venturini Fendi
Fendi s.r.l

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

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 2017

January 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search