Price of imported raw silk decreases
The price of imported raw silk decreased to US$44 per kilogram even as raw silk production fell off, according to industry insiders. Imported raw silk dropped 12 per cent to $44 per kilogram compared to $50 per kilogram last May. Cambodia Craft Federation CEO Soeng Kemyun, said the dwindling price of raw silk should be an advantage for local producers, but has not yet reached that stage. … Cambodia needs between 400 to 500 tonnes of raw silk per year for its craft sector, with it mainly imported from China and Vietnam as Cambodia only produces five to six tonnes per year. …
