Related Keywords: basic raw material, dip in crude price, fall in yarn price, Federation of Gujarat Weavers Association, international market, MMF sector, polyester fabrics, polyester sari, polyester yarn, Surat powerloom weaver
The powerloom weavers of Surat, he country's biggest man-made fabric (MMF) sector are buoyant following a dip in crude oil prices in the international market as it may decrease the yarn prices.
According to Industry sources, the crude oil prices have dipped below $92 per barrel in the international market which is the basic raw material for polyester yarn. This is going to put pressure on spinners to decrease the yarn prices.
