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Anti-dumping duties on Chinese silk boosts domestic silk rates
Bangalore, Aug 03: Domestic silk prices have appreciated by nearly 100 per cent this year following the imposition of anti-dumping duties against Chinese silk that earlier had badly hit the Indian silk industry.c
Bangalore, Aug 03: Domestic silk prices have appreciated by nearly 100 per cent this year following the imposition of anti-dumping duties against Chinese silk that earlier had badly hit the Indian silk industry.
"It (the anti-dumping duties) is working. After a long
time, silk prices have really gone up," Central Silk Board
member-secretary P Joy Oommen told here.
He said the prices of Bivoltine silk had appreciated to Rs 200 per kg from Rs 100 per kg last year and Multivoltine silk to about Rs 120 to Rs 140 per kg from Rs 70 to Rs 80 per kg.
India won a battle in the World Trade Organisation (WTO) to impose anti-dumping levies against silk from China which was sold at cheap rates that almost crippled the domestic silk industry, of which majority is produced in Karnataka.
The import price of Chinese silk including duties is now set at USD 28 per kg which, which was sufficient protection for the domestic industry, he said.
"Sentiments have gone up among both farmers and traders.. Better times are back," he said.
Bureau Report
He said the prices of Bivoltine silk had appreciated to Rs 200 per kg from Rs 100 per kg last year and Multivoltine silk to about Rs 120 to Rs 140 per kg from Rs 70 to Rs 80 per kg.
India won a battle in the World Trade Organisation (WTO) to impose anti-dumping levies against silk from China which was sold at cheap rates that almost crippled the domestic silk industry, of which majority is produced in Karnataka.
The import price of Chinese silk including duties is now set at USD 28 per kg which, which was sufficient protection for the domestic industry, he said.
"Sentiments have gone up among both farmers and traders.. Better times are back," he said.
Bureau Report