Summary:
The weavers wanting to replenish their yarn stock are in deep trouble with increase in yarn prices by the spinners. "There is simply no rationale behind such a stiff increase in yarn prices by the spinners. Surat: The country's largest man-made fabric (MMF) industry in the city is staring at yet another slowdown post-demonetization. We smell something fishy as the spinners are operating a price cartel to pressurize the weavers. There is no demand for the goods in the local market, still the spinners have increased prices..