Crisis reverberates deep into Mongolian steppe - Reuters
Submitted by commodity news ... on June 9, 2009 - 22:03.
Wool
Reuters
Crisis reverberates deep into Mongolian steppeReutersBy Jason Subler BAYANCHANDMAN, Mongolia (Reuters) - Layoffs in financial hubs such as London and New York are rippling deep into the grasslands of Mongolia, where herders are suffering as the price of cashmere, a wool used in luxury suits, has plunged. ...
