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Iran’s Strait of Hormuz closure raises Indian polyester costs, delaying exports and threatening textile trade.
A surge in polyester fibre prices in India, up 12 rupees per kilogram in a week, is linked to the closure of the Strait of Hormuz by Iran amid ongoing West Asia conflict.
The disruption has forced ships to take longer routes around Africa, increasing transit times by 20 to 25 days and raising freight costs.
This is impacting India’s textile sector, where polyester makes up nearly 75% of synthetic fabric production, with prices now at about Rs 114.25 per kilogram.
Exporters to Gulf nations, including the UAE, face delays that could lead to order cancellations or price cuts, threatening India’s growing textile export market.
El cierre del Estrecho de Ormuz de Irán aumenta los costos del poliéster indio, retrasando las exportaciones y amenazando el comercio textil.