Source: Bloomberg TV Mongolia
 

Now is the crucial period for the combing of wool and cashmere.   The producers of cashmere and wool have stressed that this year the price for cashmere has been set at a lower level in comparison with previous years.  

In Mongolia there are 22 million goats, and according to the calculations of professional unions and associations, in 2015 there are plans to prepare 7,600 tons of cashmere with a value of more than 400 billion MNT. These figures reflect a 10 percent increase from 2014, but last year the price for 1 kg of cashmere was 70 to 75 thousand MNT, while this year it is 35 to 66 thousand MNT.

The biggest export market for Mongolian cashmere is China, purchasing 70 percent of the nation's prepared cashmere. However, this year surplus cashmere at Chinese factories is high in comparison with previous years, and the Chinese government is following a policy to support its domestic cashmere producers.