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Agarwood

Why is Agarwood Oud Oil so Expensive

To be blunt about this, the one thing a fanatic could not call Agarwood oil or "Oud Oil" as it is more commonly known as is cheap. The most affordable Oud oils are on the lower end of $200 per Tola. This is a price that many would still feel is unusually high for an oil of any kind. Of course, Oud oils are not your typical oils, being a much high caliber with a much more complicated distilling process. In fact, these differences are a major reason why the prices for Oud oils have reached over of $5000 per Tola [...]

Why are Agarwood Investments so Profitable?

When one stumbles across something as special and revolutionary as an Agarwood investment, it rarely remains a secret for very long. If something comes along and flips everything on its head, changing the market entirely and reshaping people’s ideas of what that market could be, everyone will want to get their hands on it. It’s basic knowledge and yet you have to wonder why this is. And in the case of Oud Oils, there are various answers to this looming question. And if we dig into these reasons, we will find that the sheer nature of the Agarwood investment lends itself [...]

Agarwood Market Demand

The consumer market for c is well developed in the Middle East and Northeast Asia where Agarwood has been used for over one thousand years. Taiwan, Singapore, Hong Kong and Bangkok are major traders of Agarwood while Thailand, Indonesia, Vietnam and Malaysia are major producers. The increasing scarcity of illegal forest Agarwood makes plantation grown Agarwood much sought after to meet global demand. Taiwan has long been a major trader in Agarwood for both medicinal and cultural uses. According to official records, 6,843 tonnes of unprocessed Agarwood was imported to Taiwan in the ten years to 2003. Prices of Agarwood for [...]

Agarwood in History

The “Wood of the Gods” has at least a 3,000 year history in the Europe, Middle East, India, Japan and China. It was believed that only Kings and the very wealthy were able to benefit from its powers. The tragedy of the agarwood industry is that the whole of the tree has to be felled to obtain the valuable inner layers. Not all trees contain the agarwood in the wild and there are occasions where 10 trees will be cut down to find agarwood in only one. Unsustainable Agarwood harvesting in natural forests has resulted in near extinction in many areas [...]

Why Agarwood Oud Oil Has Become More Precious Than Gold

While Asian and European markets have traditionally favored softer floral and citrus scents, global consumer tastes are moving toward those derived from the aromatic oils of oud, sandlewood and amber long associated with the people of the Gulf. Oud, known in English as agarwood, originates from the barks of trees that only grow in parts of South East Asia. For thousands of years, it has been used in the Middle East and Asia in the form of wooden incense chips, body oils and fragrance, becoming synonymous with hospitality in the Arabian Peninsula. Its smell varies from person to person, and is [...]

Thailand based company to help bolster agarwood quality

A Cambodian Agarwood company is teaming up with a Thailand investment partner to spend USD 100 million improving the quality of Cambodia’s agarwood trees, according to a memorandum of understanding signed by the two companies yesterday. Thoub Chankrassna Khmer Co (TCK), which owns agarwood plantations and an incense factory in Preah Sihanouk province, has partnered with Thai-based First Capital Group (FCG) in the hopes of improving the growth, processing and manufacturing of Cambodia’s 1 million agarwood trees. Agarwood, a fragrant wood harvested for its aromatic, religious and medical applications, is a non timber forest product that can fetch prices upwards of [...]

How Does CITES Regulate the Agarwood Trade

CITES (the Convention on International Trade in Endangered Species of Wild Fauna and Flora) is an international agreement between governments. Its aim is to ensure that international trade in specimens of wild animals and plants does not threaten their survival. Widespread information nowadays about the endangered status of many prominent species, such as the tiger and elephants, might make the need for such a convention seem obvious. But at the time when the ideas for CITES were first formed, in the 1960s, international discussion of the regulation of wildlife trade for conservation purposes was something relatively new. With hindsight, the need [...]

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