Why is agarwood so valuable?

What is the use of agarwood and why is it so expensive? Lapnisan or agarwood is a non-timber type of wood that is used for its sap or resin, which is used in the perfume and scents industry. This oily substance or resin from infected agarwood is worth more than its weight in gold.

Is Agar wood more expensive than gold?

Apparently, first-grade agarwood costs $100,000 per kilogram, which is almost twice the price of gold, currently at around $60,000 per kg. Native to the rainforests of southeast Asia, the aquilaria malaccensis is the three that agarwood comes from. …

Is growing agarwood illegal?

“Harvest is illegal only if it is from the wild. Major chunk of agarwood comes from private plantations. So by spreading propaganda, traders procure agarwood from cultivators at a low price,” Borah said.

Which is the costliest tree in the world?

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.

Which wood is costly than gold?

Agarwood
Its name is Agarwood. Agarwood wood is called ‘Woods of the God’. You can only guess what its importance is. The price of real wood of agarwood is up to 1 lakh dollars (about 73 lakh 50 thousand rupees) per kilogram.

Is agarwood same as sandalwood?

Sandalwood produces oil naturally. Agarwood oil have toxicity and sandalwood oil is a good medicine, which have been use in medication for thousand of years….Q1, What is the difference between Sandalwood and Agarwood?

Sandalwood	Agarwood
10M tall only	Can grows 20M high
Leaf meticulous	Leaf crude
Wood White	Black

Is agarwood banned 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.

Is Sandalwood and agarwood the same?

Why African Blackwood is so costly?

African Blackwood is found in 26 countries in central and southern Africa. It takes 70-100 years for these trees to attain timber size. The trees are prematurely pruned due to illegal trafficking of timber in countries like Kenya and Tanzania. This has drastically reduced the number of blackwoods, making them rare.