Related Keywords: polyester fabric, powerlooom weavers, Surat MMF sector, yarn consumption, yarn price
Surat the country's biggest man-made fabric (MMF) sector has the highest consumption of yarn material as the entire MMF industry is depended on it for weaving polyester fabrics but the rising yarn prices are holding back weavers from purchased it.
The powerloom weavers in Surat have stopped the purchase of yarn material following the steep increase in the prices by the yarn spinners by almost 20-25 percent in the last few days following the rise in the crude oil price due to Iraq crisis.
