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Cashmere is a hygroscopic fiber, absorbing and releasing water from the air based on the surrounding environment. This helps regulate the body in both warm and cool temperatures. [1] A number of countries produce cashmere and have improved processing techniques over the years, but China and Mongolia are two of the leading producers as of 2019.
Another important industry is the production of cashmere. Mongolia is the world's second largest producer of cashmere, with the main company, Gobi Cashmere, accounting for 21% of world cashmere production as of 2006. [25] Total export in 2019 was US$7.6 billion. [26]
In 2012, the mineral boom in Mongolia drove up the cost of Gobi's production. [8] It was due to the fact that Mongolia's newly found mineral wealth drove up the inflation by 12% that year. It had severe side effects to other businesses, especially GOBI Cashmere, that increased the price of raw materials. [8]
The luxury wool is prized for its durability and warmth, but growing demand is taking a toll on the environment and jeopardizing traditional ways of life.
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The Inner Mongolia cashmere goat is a local dual-purpose breed with a long history. It adapts well to desert and semidesert pastures. The goats can be divided into five strains, Alasan (Alashanzuoqi), Arbus, Erlangshan, Hanshan and Wuzhumuqin. The first three strains produce quality cashmere; the last two have been developed for high production.
Tavan Bogd Group (Mongolian: Таван Богд групп) is a Mongolian conglomerate with 19 subsidiaries and 2 affiliates in operates across eight diverse sectors that include cashmere production, automobile and mining equipment trading, food production, financial services, international trade, tourism, property development, IT, and healthcare.
The Mongolian Cashmere Wide-Rib Cropped Mockneck Sweater from Quince is crafted from 100% Grade-A Mongolian cashmere, known for its softness and durability. The style has subtle dropped shoulders ...