{"id":22322,"date":"2022-12-02T09:16:24","date_gmt":"2022-12-02T09:16:24","guid":{"rendered":"https:\/\/www.africa-press.net\/lesotho\/all-news\/local-wool-dodges-global-economic-crisis"},"modified":"2022-12-02T09:57:58","modified_gmt":"2022-12-02T09:57:58","slug":"local-wool-dodges-global-economic-crisis","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/lesotho\/all-news\/local-wool-dodges-global-economic-crisis","title":{"rendered":"Local wool dodges global economic crisis"},"content":{"rendered":"

Africa-Press – Lesotho. <\/strong><\/span>Local wool and mohair producers have not been impacted gravely by the current global economic fallout from the ongoing war between Ukraine and Russia \u2013 which has thrown the world in the grip of an economic crisis.<\/p>\n

Beyond the suffering and humanitarian crisis from Russia\u2019s invasion of Ukraine, the entire global economy has started to report negative effects of slow economic growth and faster inflation. At a time when the African continent was gradually recovering from the pandemic, the crisis poses a fresh threat to that progress.<\/p>\n

Many countries in the region are particularly vulnerable to the war\u2019s effects, specifically because of higher energy and food prices, reduced tourism, and potential difficulties to access international capital markets. The conflict comes when most countries have minimal policy space to counter the shock.<\/p>\n

This is likely to intensify socio-economic pressures, public debt vulnerability, and scarring from the pandemic that was already confronting millions of households and businesses, according to International Monetary Fund.<\/p>\n

The Lesotho National Wool and Mohair Growers Association (LNWGA) manager, \u2019Mamaria Mohale, told Public Eye this week that it can only be a calamity of the Covid-19 pandemic magnitude that has adverse impact on the economy \u2013 but that as of now the production of wool and mohair will not be impacted badly because selling prices will not likely be affected.<\/p>\n

Speaking on the production of wool and mohair, Mohale highlighted that for the producers, the challenge has been the exportation of their produce due to Covid regulations during the pandemic.<\/p>\n

Mohale noted that production in the financial year 2020\/2021 was lower compared to 2021\/2022 because of the Covid pandemic. However, she indicated that towards the end of the shearing season there was a better change as prices increased.<\/p>\n

She added that their market does well when the inflation rate of the dollar increases. \u201cWe began to experience an increase in pricing in 2021\/2022 as per kilogram of mohair cost M600 on average depending on the length and strength,\u201d Mohale noted.<\/p>\n

These views follow a Wool and Mohair Promotion Project (WAMPP) organised event aimed at sharing current thinking and prospects for marketing cottage products and to provide a platform to showcase cottage industry products.<\/p>\n

A cottage industry is a small-scale business that operates and produces from home and its production is enough to accommodate the needs of the family as the start-up capital doesn\u2019t require much.<\/p>\n

WAMPP is designed to boost resilience to the adverse effects of climate change and economic shocks among poor rural people across the country. It is active in all the 10 administrative districts of Lesotho, with a focus on rangelands that cover more than two thirds of the country\u2019s surface.<\/p>\n

Their activities will target smallholder farmers and other poor rural dwellers, giving special attention to poor rural women and young people in the project area.<\/p>\n

Speaking to Public Eye this week WAMPP director, Rets\u030celisitsoe Khoalenyane, explained that the aim is to boost the ability of smallholder farmers to counter the effects of a change in climatic environment.<\/p>\n

He said the three outcomes of the project are: the need to ensure that the state of rangelands is improved; to ensure the quality of wool and mohair by directly improving the breeds themselves; and, to increase the income of farmers.<\/p>\n

On capacity building, Khoalenyane said: \u201cWe are capacitating farmers and staff from respective government ministries and sister departments that we work with. Our efforts are geared towards ensuring that there is a sustained maintenance of project outcomes even beyond the WAMPP. \u201d<\/p>\n

He added: \u201cWAMPP offers trainings to our farmers so that they improve their resilience against climate change and at the same time we aim at enhancing the quality of wool and mohair while making sure that we improve the state of the rangelands.
\nKhoalenyane noted that the project has been extended by one year and the government of Lesotho has injected about M5.4 million set out to underpin activities to assist in the administration of the project.<\/p>\n

International Fund for Agricultural Development (IFAD) programme manager, Ivonald Da Cruz, told Public Eye in a separate interview that despite the war disruption between Russia and Ukraine that has affected the world pricing, wool and mohair from Lesotho is not yet affected.<\/p>\n

Cruz said the quality of mohair goes with the production, hence he noted: \u201cWhat WAMPP is doing under the animal health breeding and livestock component is important in terms of producing the genetics of raw animal.<\/p>\n

\u201cBut what is needed now is to move towards ensuring that the Lesotho wool and mohair is competitive and doesn\u2019t become second class and that it is produced under responsible wool and mohair standards.<\/p>\n

\u201d He noted that what grades the quality standards of mohair are three pillars which are animal health, nutrition and breeding.<\/p>\n

Cruz said: \u201cA lot of buyers are looking for responsible and certified mohair production, so currently it\u2019s doing very well and a lot of big brokers are happy but we need to ensure that Lesotho does not get left behind on this trend.
\n\u201cMohair that falls under responsible mohair standards fetches higher prices so some farmers get 20 percent more from their mohair currently.<\/p>\n

Potentially, in the next five to 10 years what we will see if we don\u2019t get to a stage where the mohair production is responsible and graded, labelled and certified, is Lesotho\u2019s mohair fetching lower prices and potentially reaching a stage where brokers in the market do not value it as much,\u201d Cruz asserted. WAMPP was approved by IFAD in September 2014 and the financing agreement was signed with the Lesotho government in June 2015.<\/p>\n

The project is financed by Lesotho for approximately US$4 million (about M60 million) and IFAD, with a loan and a debt sustainability framework grant with approximately US$11.6 million and a grant from the Adaptation for Smallholder Agriculture Programme, an IFAD programme with US$7 million, in-kind contribution from beneficiaries as well as co-financing in the following amounts US$1.5 from the Lesotho National Wool and Mohair Growers Association and US$12 million from OPEC Fund for International Development.<\/p>\n

For More News And Analysis About Lesotho<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Lesotho. Local wool and mohair producers have not been impacted gravely by the current global economic fallout from the ongoing war between Ukraine and Russia \u2013 which has thrown the world in the grip of an economic crisis. Beyond the suffering and humanitarian crisis from Russia\u2019s invasion of Ukraine, the entire global economy […]<\/p>\n","protected":false},"author":84,"featured_media":22320,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[233,246,415,245],"class_list":["post-22322","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-lesotho","tag-economic","tag-lesotho"],"yoast_head":"\nLocal wool dodges global economic crisis - Lesotho<\/title>\n<meta name=\"description\" content=\"Local wool and mohair producers have not been impacted gravely by the current global economic fallout from the ongoing w ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/lesotho\/all-news\/local-wool-dodges-global-economic-crisis\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Local wool dodges global economic crisis\" \/>\n<meta property=\"og:description\" content=\"Local wool and mohair producers have not been impacted gravely by the current global economic fallout from the ongoing w ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/lesotho\/all-news\/local-wool-dodges-global-economic-crisis\" \/>\n<meta property=\"og:site_name\" content=\"Lesotho\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-12-02T09:16:24+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-02T09:57:58+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/lesotho\/sites\/62\/2022\/12\/postQueueImg_1669960040.48.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"622\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/local-wool-dodges-global-economic-crisis#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/local-wool-dodges-global-economic-crisis\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Local wool dodges global economic crisis\",\"datePublished\":\"2022-12-02T09:16:24+00:00\",\"dateModified\":\"2022-12-02T09:57:58+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/local-wool-dodges-global-economic-crisis\"},\"wordCount\":1024,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/local-wool-dodges-global-economic-crisis#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/lesotho\/sites\/62\/2022\/12\/postQueueImg_1669960040.48.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Lesotho\",\"economic\",\"Lesotho\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/lesotho\/all-news\/local-wool-dodges-global-economic-crisis#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/local-wool-dodges-global-economic-crisis\",\"url\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/local-wool-dodges-global-economic-crisis\",\"name\":\"Local wool dodges global economic crisis - 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