How much is the price of agarwood?
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.
Why is agar wood expensive?
Why is Agarwood oil 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 illegal to sell agarwood in the Philippines?
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 it illegal to plant agarwood in Philippines?
In the Philippines there are periodic apprehensions of poachers of agarwood trees. It is illegal to trade or log agarwood trees here unless one has a permit from the Department of Environment and Natural Resources (DENR) and that is given only for tree farms, not for gathering from the wild.
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 departments which vary throughout its range of occurence.
Can I plant agarwood in Philippines?
Where can I buy agar wood in the Philippines?
In the Philippines, lapnisan or agar is found only in the heart of the thickest jungles of Mindanao and the Visayas. Foreigners travel to the Philippines and hike to remote villages seeking help to find the rare tree.
Which tree is most cost?
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.