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Government acts to subsidize Mongolian cashmere sales |
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Tuesday, 19 August 2008 |
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The government convened an
unscheduled cabinet session on Thursday to take actions following a
sudden drop in world cashmere prices.
Cashmere is a major source
of income for Mongolia’s goat herders.
Following discussions, it was
decided to provide herders with an additional MNT 5000 per kilogram
of cashmere to compensate herders for losses.
The compensation will be calculated
based upon the number of goats per herdsman and on the basis of the
livestock census conducted at the end of 2007.
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