Home / Knowledge / News / Textiles / Yarn prices on an ascending trend
Yarn prices on an ascending trend
19
Jul '10
Yarn prices have again surged, registering an increase of about 6 percent in just a week, along with hike in cotton prices, informed experts of textile industry.

During the end of last week, the extensively used 30-count yarn, which is utilised in making knitwear goods, was being traded at $3.70-3.75 per kg. A week before last, the price was $3.50-3.55 per kg.

However, a record high in prices of yarn was recorded in May this year, when the 30-count yarn was being traded at $4.50 per kg, owing to dearth in supply of yarn and the price rise of cotton in world market.

More over, last week, 80-count yarn was being sold at Tk 17,000-19,000 per 100 pounds. Around a month back, the rate was Tk 16,000-17,500, inform experts. They also said that, 60-count yarn was traded in the range of Tk 15,000-18,000 per 100 pound, which was a hike from Tk 15,000-16,000, a month back.

However, senior members of the textile industry aver that, growing yarn prices might disturb the export growth, as exporters can barely make profits, with increased priced. More so, the apparel industries are already suffering from a dive in production, owing to acute gas and power crisis.

However, industry experts are preparing themselves to bounce back, as the biggest garment supplier, China, is losing its global buyers to Bangladesh. Increased yarn prices will adversely affect the export growth.

A number of reasons have been attributed to increased yarn prices, such as low supply of yarn, dearth in power and gas, which keeps spinning mills from utilizing their full production capacity, and the rising prices of cotton in world market over the period of last couple of months.

While the price of cotton was 60 cents a few months back, currently it is being traded at $1.01 per pound in the domestic market. Around all this, experts inform that, the yarn market continues to remain stable as against its previous increased prices.

Above all, the raw cotton imports from India are yet to officially re-start. Indian government had imposed a restriction on raw cotton exports in April 21.

Fibre2Fashion News Desk - India

Must ReadView All

Textiles | On 25th Mar 2017

GST to positively impact retail value chain: CBRE

The implementation of the Goods and Services Tax (GST) bill in India...

Apparel/Garments | On 25th Mar 2017

Net sales at Christopher & Banks fall 10% in Q4

Net sales totalled $85.0 million for the fourth quarter ended January ...

Courtesy: Li & Fung

Textiles | On 24th Mar 2017

Li & Fung forms new supply chain partnership with PVH Corp

Li & Fung Limited, the world's leader in consumer goods design,...

Interviews View All

Rajiv Sirohi
Shara

‘Portugal is taking away a major share of the mill made sector.’

Arvind Saraf
Triveni Sarees

e-Commerce is still evolving fast with constant flux and surprises

Siddharth Biyani
Mangalam Industries Pvt Ltd

‘The manufacturing sector is improving day-by-day, becoming better in...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

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

news category


Related Categories:
March 2017

March 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