Price of raw cashmere dropped

Apr 10 • News • 512 Views • No Comments on Price of raw cashmere dropped

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Price of raw cashmere dropped due to decreased value of USD and RMB. Raw cashmere is being sold for 22 thousand MNT per kilo at the raw materials sales unit in Nalaikh district and 20 thousand MNT per kilo in Emeelt. Local dealers of cashmere said that they have been selling raw cashmere for 25 thousand MNT last week but value of Chinese Yuan affected the price drop. They are also expecting a further price drop as the domestic factories stopped buying raw cashmeres from them at the moment therefore the Chinese buyers can dominate the market and local dealers have to go with the given price says the local dealer of cashmere.

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