Home / Knowledge / News / Textiles / Silk industry on the downturn

Silk industry on the downturn

08
Jan '10
Silk weavers of Cambodia have been totally hamstrung by the rising prices of raw materials in the past few years, with no proportionate increase in the finished products, which is leading to many of them quitting the business altogether.

Kandal province is the hub of silk weaving in Cambodia, which houses the maximum number of looms, but now most of these looms have shut down and these weavers have now shifted to working in garment factories, in face of diminishing returns.

The price of raw silk yarn, which is imported from Vietnam and China, has climbed from $40 per kilogram to $80 per kilogram since 2008, while the finished silk products are still being sold at 2008 prices, in the process bringing down the margins to a large extent.

98.7 percent of the 350 tonnes of raw silk yarn needed by these weavers is sourced from Vietnam and China. Experts aver that silk yarn prices have gone through the roof, ever since a silk processing plant, backed by Vietnamese investors was set up.

But at the same time, they also opine that these silk weavers have not kept pace with the changing market demand are sticking to producing traditional products, rather than other items like bed-sheets, curtains etc.

Fibre2fashion News Desk - India


Must ReadView All

Pic: Shutterstock

Textiles | On 30th Mar 2020

PRC economy to quickly return to potential growth: PBOC

China's economy will swiftly return to its potential growth rate,...

Pic: Shutterstock

Apparel/Garments | On 30th Mar 2020

COVID FightBack: Malaysia takes steps to tackle impact

Malaysia will grant a six-month delay on most loan payments to ease...

Pic: Shutterstock

Retail | On 30th Mar 2020

NRF hails US House of Representatives consent to CARES Act

The National Retail Federation has welcomed the quick passage by the...

Interviews View All

Top executives, Machinery Company

Top executives
Machinery Company

We will promote latest technologies at ITMA Barcelona

Rahuul Jashnani, Jashn

Rahuul Jashnani
Jashn

‘Online economy has changed the whole dynamics of buying habits.’

Top executives, Textile industry, India

Top executives
Textile industry, India

Such fairs are a must for industry to showcase new innovations

Kuldeep Pareek,

Kuldeep Pareek

Italian company Schoch Reeds has been producing high-quality weaving reeds ...

Tom,

Tom

<div>Inkbank is a leading supplier of inkjet inks and inkjet printing...

Xavier Martinez,

Xavier Martinez

CADT Software &amp; Drafting was founded in Spain in 1987 by Josep...

Ayyappa Nagubandi, Broadcast Wearables Pvt Ltd

Ayyappa Nagubandi
Broadcast Wearables Pvt Ltd

Hyderabad-based Broadcast Wearables has come up with the country's first...

Suresh Patel, Sidwin Fabric

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Brad Holschuh, Wearable Technology Lab, University of Minnesota

Brad Holschuh
Wearable Technology Lab, University of Minnesota

A new study led by researchers at the University of Minnesota's Design of...

Aditi Somani, Aditi Somani

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Igor Chapurin, Chapurin

Igor Chapurin
Chapurin

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

Cigdem Akin, Cigdem Akin

Cigdem Akin
Cigdem Akin

She has carved a niche for herself as the national brand of Turkey. Her...

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

Leave your Comments


March 2020

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


Advanced Search