Fibers & Yarns Updates (From 1st July to 31st July 2019)
1) India’s Raw Silk Production Increased By 10.52 per cent
The total raw silk production in the country increased by 10.52 per cent (35,261 Metric Tonne (MT)) during 2018-19 over the previous year 2017-18 (31,906 MT)
2) Australian wool faces lower demand
Chinese textile mills have been scaling down buying orders and processing activities since April-2019. Domestic shoppers in China, who consume half that country’s processed wool, are spending less.