Related Keywords: crude oil price, Federation of Surat Textile Traders' Association, inflation, late monsoon, MMF, processor. job charge hike, SGTPA, trader
MMF traders and processors highly disturbed with the hike in job charges recently announced by South Gujarat Textile Traders Association (SGTPA). They have strongly opposed to accept any further hike in prices or taxes stating that it is difficult for them to pass on the burden to the buyers when the man made fabric (MMF) demand has already been hit by inflation followed by late monsoon.
