Chinese wool and mohair monopoly in Lesotho has farmers protesting

Chinese wool and mohair monopoly in Lesotho has farmers protesting

Thousands of farmers marched to parliament to protest against the regulations that force them to sell their mohair and wool to a Chinese broker. A monopoly deal was signed with the Chinese in 2018.

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Wool and mohair are two of the most important exports of Lesotho, but new regulations regarding its sale are causing upset.

The government of the mountain kingdom has signed a monopoly deal with a Chinese broker in 2018, according to eNCA.

Now, farmers claim they are not being paid for their goods. About 30 000 farmers rely on their wool and mohair sales to survive.

As a result, several thousand farmers have marched to parliament on 28 June to protest the regulations that are cutting off their lifelines.

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For years, Lesotho farmers have been selling their mohair and wool through a South African broker, BKB.

Briefly.co.za gathered that some farmers have refused to sell the Chinese broker.

"We will not sell our wool and mohair to the Chinese, we would rather burn it."

China's growing presence in African is becoming a real and big problem, as the country is accused of undermining democracy and dominating markets.

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Source: Briefly.co.za

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