Logo of Phnom Penh Post newspaper Phnom Penh Post - Weavers needled by silk price

Weavers needled by silk price

Weavers needled by silk price

110201_8
A woman weaves silk in Preak Tov village, in Kandal province’s Khsach Kandal district, last month. Photo by: Heng Chivoan

SILK thread imports for textile weaving dropped by 25 percent in 2010, the Khmer Silk Village Association has said.

Kae Muny, general secretary of the association, said spiralling silk thread prices in 2010 fuelled a significant reduction in the import of thread, with amounts dropping by a quarter on 2009 to just 300 tonnes.

“We imported less silk thread last year because silk weavers had cut down their production due to the high price of raw materials,” Kae Muny said.

In 2010, imported raw silk cost on average US$41 per kilogramme, $11 higher than in 2009. The cost of raw silk has continued to rise this year, with imported silk thread valued at $52 per kilogramme at the end of January this year.

Kae Muny said there was unlikely to be any relief for silk weavers if prices remain high, impacting on the quantity of silk imported from countries such as China and Vietnam.

“It is difficult to estimate the amount of silk thread that will be imported this year, as today the silk price has soared and we don’t know when it will go down.”

Men Sineurn, executive director of the Cambodian Craftsman Association, said rising silk prices in late 2010 signalled that raw silk imports would continue to decline.

Men Sineurn told The Post last year Cambodian silk weavers had little option but to use imported thread, as locally produced raw silk could only meet one percent of market demand. In August, industry sources said as many as half the Kingdom’s silk weavers had abandoned their jobs in the two months previous as prices rose.

MOST VIEWED

  • Phnom Penh unveils rules for post-lockdown transition

    The Phnom Penh Municipal Administration issued a set of detailed guidelines for the seven days to May 12 after the capital emerges from lockdown at the onset of May 6. In the 14-page document signed by municipal governor Khuong Sreng released on the evening of May 5, the

  • SBI LY HOUR Bank Launches Cross Border Money Transfer Service between Cambodia and Vietnam on RippleNet, utilizing DLT

    SBI LY HOUR Bank Plc and Hanoi-based Tien Phong Commercial Joint Stock Bank (TPBank) on Friday launched the first Cambodia-Vietnam money transfer service in real currency via RippleNet, provided by SBI Ripple Asia Co Ltd to provide safe, fast and convenient services. SBI LY HOUR

  • Gov’t issues guidelines as lockdown nears end

    The government has issued a five-page set of instructions to be enforced when the three-week lockdown of Phnom Penh and adjacent Takmao town in Kandal province ends on May 6. According to an announcement signed by Prime Minister Hun Sen on May 4, the instructions cover a

  • Cambodia ready to exit LDC status

    Cambodia is well-prepared to minimise economic risks when it graduates from its Least Developed Countries status, according to a senior official at the Ministry of Commerce on May 7. Four LDCs – Cambodia, Laos, Bangladesh and Nepal – met at a virtual workshop last week to explore potential

  • Nine US franchises eye Cambodia debut

    Nine famous US franchising companies are looking for business opportunities and expansion into Cambodia to build a footstep for a strong foundation in Southeast Asia. The US embassy in Phnom Penh, in partnership with the US Foreign Commercial Service and with support from the American

  • Lost in translation: ‘Starvation’ in capital’s designated red zones

    “DACH bay” is a Khmer slang meaning a “loss of income”, that could also be literally translated to «deprived of rice”, which alludes to starvation. However, civil society organisation (CSO) officials have independently confirmed the government’s prior assertions that there are no cases of