The unexpected increase in the silk yarn prices has decreased the purchasing power of weavers. Some of the looms have been closing down, leaving contract weavers and jobless employees behind. In the State of Assam which is the northern state of India, master weavers are agreed that under these conditions it’s hard to maintain and continue doing heritage business.
In January 2010, one kilogram of silk yarn was $32.42 but when in the months of July and August the prices jumped up to $56.67, which is almost 75% in 8 months. It is also expected to increase more.