SunSirs: Autumn Cocoon is Listed, Raw Silk Market is Supported by Cocoon

As of August 25, the domestic raw silk price was 445,000 yuan/ton, an increase of 26,000 yuan/ton from the price before March, an increase of 6.21%. On August 24, the raw silk commodity index was 138.41, which was 16.33% lower than the highest point in the cycle of 165.42 points (2018-02-21), and 71.15% higher than the lowest point of 80.87 points on May 05, 2020.

In Yinzhen Village, Guanyi Town, Zitong County, Mianyang City, major silkworm farmers not only earn income by raising silkworms, but also by hatching young silkworms. In the development, the two village committees combined with the actual situation of the village, did a solid job in consolidating and expanding the results of poverty alleviation and effectively connecting with rural revitalization. The sericulture industry is one of the backbone industries. Large farmers in Murakami provide pre-, mid-, and post-production services for sericulture production to solve problems in sericulture production in a timely manner. There are 880 mu of mulberry trees planted in the village, and 195 silkworm rearing households, of which 31 households have escaped difficulties. It raises 1,050 silkworms and 42,000 kilograms of silkworm cocoons each year, earning 2.1 million yuan in income. For this item alone, the average income of silkworm farmers in the village increased by more than 10,000 yuan. Relying on the advantages of local resources, Mengshan County of Guangxi has seized the development opportunity of "East Silk Moves Westward", focusing on the characteristic silk industry and pillar industries such as silkworm breeding, silk production, cocoon silk, real silk home textiles, and real silk clothing. Industrial and ecological industries, accelerate the modernization of the sericulture industry, make every effort to build a sericulture and cocoon silk industry cluster, and build a silk town in Guangxi. Promote the increase of employment and income of local people at home.

Recently, with the launch of Autumn Cocoon, the market has gained support from Cocoon. Although terminal demand has loosened, it is still weak. The industry has not changed in the cold, the export orders are seriously insufficient, and the consumption volume has fallen. Without substantial support from the consumer market, it is expected that costs will continue to form support in the near future, and the price of cocoon silk may still rise in the short term.

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