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.
How many agarwood trees are in one 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 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.
Which country agarwood is best?
Vietnamese agarwood are always high quality, ranked first in the value list of oud because of its sweet and strong aroma, followed by Cambodia, Malaisia, Indonesia, Laos, … Agarwood products are prevalent, but there are many countries with frankincense due to “difficult to exploit”, so it is less circulated).
Can you invest in agarwood?
Agarwood is the ideal investment opportunity in everybody’s reach. Returns are usually paid out after 7 years and right now, average returns are 157% over these 7 years. Flexible products now also allow short term investments. But no worries if you don’t want to wait 7 years for a return.
Where can you grow agarwood?
Agarwood, also known as eaglewood or gaharu, is a valuable non-timber forest product which sometimes grows in Aquilaria species. The genus species occur mainly in South and Southeast Asia.
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.
Can I sell agarwood in India?
Currently banned. The status of exports of agarwood from India is, at the best, blurred.
Which is the costly tree?
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.
Whats the most expensive tree?
The 5 Most Expensive Trees in the World
- Sandalwood– $20,000 per tree.
- African Blackwood– $10,000 per kilogram.
- Agar Wood– $10,000 per kilogram.
- Bocote– $30 per board.
- Pink Ivory– $8 per board.
Is it legal to 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.
Is agarwood plantation legal?
LEGAL STATUS Agarwood is not protected under the Indian Wildlife (Protection) Act, 1972.