What is the price of agarwood per kg in India?
The valuation of Agarwood is approximate Rs 5-6 lakh per kg, in India. In the international market, the price goes up by 2-3 times depending on the market.
Is agarwood legal in India?
LEGAL STATUS Agarwood is not protected under the Indian Wildlife (Protection) Act, 1972. However, it is protected from extraction by state bans (under the Indian Forest Act) and by administrative orders of the state forest depar ents which vary throughout its range of occurence.
How many agarwood trees can I plant per acre?
Under average condition spacing ranges between 8×8 feet (initially accommodating about 700 plants per acre ) which at later stages i.e., after 8-10 years of growth maintained at 4-5 m by harvesting in phase manner. When the planting is raised with some other forest species the spacing may be given accordingly.
How long does agarwood take to grow?
Agarwood can mature between 15 and 20 years. Formation of valued fragrant resin takes at least 20 years. Though Agarwood grow in wild in Panbang, late Dasho Nishioka introduced the villagers to its cultivation only in 1970s.
Which wood is costly than gold?
Agarwood is the world’s rarest and the most expensive variety of wood to be sold. According to Business Insider, one kilogram of agarwood can cost as much as $1,00,000 or Rs. 73,00,000. At present, the price of one gram of diamond in India is Rs 3,25,000, while 10 grams of gold is worth around Rs 47,695.
Is it legal to plant agarwood?
The Department of Environment and Natural Resources (DENR) said that while propagation of agarwood-producing species like Aquilaria malaccensis is allowed, it is however highly regulated and collecting its seeds directly in the wild is prohibited.
Where can I sell agarwood in India?
Search Importers and Buyers List in India
- SAFA EXPORTS. Importer of India. Malaysia aquilaria malaccensis (agarwood) chips cites permit no. 17sg008387 pr valid upto 16/11/217 & phy.crt.
- FIRMENICH AROMATICS (INDIA) PVT. LTD. Importer of India.
- AJMAL & SONS. Importer of India. 99-CD MOHAMMEDALI ROADMUMBAI.
Can I export agarwood from India?
In FY 2020-2021 (Apr-Nov), Around 0.52 USD million value of Agarwood was exported from India to Kuwait. It was around 41.6% of the total export of Agarwood. The value of Agarwood exported from India in October 2020 was 0.5 USD million .
…
Summary for the Indian Agarwood export.
| Country | Value (USD Million) |
|---|---|
| South Africa | 0 |
Is growing agarwood profitable?
Agar tree price per kg in India is Rs 2 lakh to Rs 5 lakh as per the agar tree variety, Agarwood farming profit in India is growing day by day. Agarwood tree needs 8-10 year to grow mature whereas mahogany tree needs 10-15 years to grow mature but both tree provides good investment opportunities in tree farming zone.
Which country agarwood is best?
Gaharu (agarwood) Aquilaria Commonly found on the Viet Nam where have the best agarwood in the world. Original infection is not man-made natural fragrance. Kynam price ranges from 100,000 USD to 800,000 USD/kg or more. The rare white kynam is priceless because it is extremely rare.
What is the price of agar wood?
How much does agarwood tree cost?
Fueled by rising demand for oud, agarwood-producing trees are becoming incredibly rare and threatened in the wild. High quality agarwood can cost more than $30,000 per kilogram (~2.2 pounds), almost as much as gold.
Can you sell agarwood?
The fragrant resin is used to make incense, perfume, and medicinal products particularly in the Middle East and Asia. Selling of agarwood or lapnisan is illegal in the Philippines. It is found only in the heart of the jungles in Mindanao and Visayas.
Which is best agarwood variety?
crassna are the best-known species that produce agarwood. Aquilaria is derived from the Latin word aquila meaning eagle. Trees of other genera, namely, Gonystylus and Gyrinops, also produce agarwood but are not recognized for production at commercial scales.
Which wood is costly in India?
Which country produce best agarwood?
According to Professor Gishi Honda (Tokyo University – Japan), Aquilaria Crassna in Vietnam produces the best Agarwood (Oud) of the world. Aquilaria Crassna is fully grown in Indochina countries, including Vietnam, Laos, and Cambodia.
Can I grow agarwood in Maharashtra?
Agarwood is mainly cultivated in Assam. Moreover, Orissa, Maharashtra, Karnataka and Gujarat farmers are also aware of agarwood plantation investment and benefit hence started agarwood farming in Karnataka, Gujarat, Maharashtra and Orissa.
Can I export agarwood?
The government on Monday restricted the export of Agar oil and Agarwood chips and powder. Their exports were free earlier. The Directorate General of Foreign Trade notified an annual export quota of 25,000 kg for Agarwood chips and powder, and 1,500 kg for Agar oil.
What is the smell of agarwood?
Agarwood oil
The oil has a strong, woody smell that is reminiscent of cedarwood or sandalwood. This is when the smells go funny, and it could be extreme: You will find its scent is mainly woody because, in its natural form, it is wood.
Why is agar tree so expensive?
The reason why Agarwood oil is so costly is because of its uncommonness. Chief reason for uncommonness and high cost is the depletion of the wild forests. It is surprising to know that less than 2% of wild agar tree is produced globally.
Is it legal to grow agarwood?
Agarwood is a protected species under the Indian Forest Act, 1927, and is scheduled tree species under the Wildlife Protection Act, 1972.
Which country produce most agarwood?
At present Indonesia and Papua New Guinea are the main supplies. Because of the rapid depletion of the agarwood in the wild, the species was put on the CITES Appendix II as endangered. Efforts have been undertaken to increase the production of the infected wood by deliberately wounding the trees.
How much does a agarwood tree cost?
What is agar wood worth?
Pure grade Agarwood oil may cost you anything between 10,000$ to 40,000$ depending on its origin, type and distillation process. Indian Oud Oil is the most valued among all types of agarwood oil and it does cost 32,000 USD to 40,000 USD.