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Agarwood

Agarwood Market Demand

The consumer market for Agarwood 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 [...]

Why Should You Invest In Agarwood Forestry

Forestry and Timber Investing - The very concept seems either dull or extremely alien. After all, its’ much more satisfying to follow the rest of the herd and chase the latest hot social networking stock such as Facebook or Linkedin. However any investors – especially those looking for true diversification and stable returns – are making a real oversight by ignoring the value timber and forestry investments could bring to their overall portfolio. One question that is always worth considering when looking at investments is where are large institutional investors putting their money? This is not to say that big investors [...]

Saving Agarwood from Extinction

There are many names for the resinous, fragrant heartwood produced primarily by trees in the genus Aquilaria. The commoner names include agarwood, aloeswood, eaglewood, gaharu or oudh, and it is also mentioned in the Old Testament as ‘aloe’ or ‘ahaloth’. This valuable and highly fragrant wood has been used in many ways for over two thousand years, especially as incense in Buddhist, Hindu, and Islamic traditional ceremonies, and as a significant component of traditional Ayurvedic, Tibetan and Far Eastern medicine and Middle Eastern perfumes. The genus Aquilaria of the Thymelaeaceae (Daphne family) consists of generally fast-growing trees found in lowland tropical [...]

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