| Product |
Category |
Region |
Price |
Last Updated Month |
| Raw Silk |
Agriculture, Farming and Commodity |
China |
69,405 USD/MT |
October 2024 |
| Raw Silk |
Agriculture, Farming and Commodity |
China |
65,153 USD/MT |
December 2024 |
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The Raw Silk price curve witnessed notable oscillations throughout the second half of 2024 globally. According to the Raw Silk price database, the Indian raw silk market faced mixed fortunes, with several challenges shaping the trend. In states like Andhra Pradesh, a key hub for silk saree production, the market struggled. This was largely due to cultural factors, such as the inauspicious Shukra Moodham and the Ashadha month, which traditionally see a drop in silk saree sales. As a result, traders were left with unsold stock, and business activity slowed significantly in the first half of the period.
At the same time, raw silk prices rose due to reduced silk imports, particularly from China. With imports halting, local producers faced higher raw material costs, pressuring the industry. In handloom centers like Madanapalle, many weavers had to reduce their work frequency to cope with rising costs, leading to fewer production days.
In China, raw silk prices fluctuated in the second half of 2024. Prices averaged about 69,405 USD/MT in October and around 65,153 USD/MT in December. Prices climbed in July and August due to seasonal supply constraints and steady demand. However, by mid-September, higher inventory levels and slowing exports dragged prices down, reflecting weaker international demand. The fourth quarter brought only brief price recoveries before another decline.