Lesotho mohair industry staggers to its feet as sales resume

📆 22/10/2019 1:42 AM
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Malaysia News News

Government buckles under pressure of protests and ends the Chinese monopoly that left its farmers without income for a year

Picture: 123RF/THANAPOL KUPTANISAKOM

The first auction conducted by locally owned Maluti Wool and Mohair Centre took place on October 7 and the first shipments of the fibre were made October 17, said David Telford, the company’s MD. Record prices were achieved and farmers will be paid by October 28, he said. “We are trying to get some money back into the system and get the wheels turning. The industry was on its knees,” said Telford, whose company fired 300 workers after the monopoly was awarded to Shi. “We have also suffered, but not as much as the farmers who could not put food on the table.”

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