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Incentive for wool supply set at less than a dollar

Incentive for wool supply set at less than a dollar

The Government of Mongolia will grant monetary incentives to members of herder cooperatives and citizens with livestock when they supply wool of sheep and camel to national factories.

This action has brought many positive results, including growth of herders’ income, production capacity of factories, jobs and number of herders to turn in wool of sheep and camel and so on. Moreover, a large number of wool and other raw material processing factories that have been newly built have increased their production of value-added wool products.

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