What is the price of government sandalwood?
The price of Indian sandalwood of I class Heartwood at present is Rs. Rs. Government rate. Red sandalwood is sold at an average price range of Rs 1000 to Rs 5000 per kilogram. The price varies according to the quality, application, length, etc.On average, a well-grown 20-year-old sandalwood tree can fetch anywhere from ₹1,00,000 to ₹3,00,000 or more, depending on its quality and market conditions. This substantial value reflects the long-term investment and care required for sandalwood farming.Red sandalwood is the world’s most costly wood and can be grown in Andhra Pradesh profitably. With the government tightening the noose on the illegal smuggling of Red sandals.
Which sandalwood is most expensive?
Enhance your garden with the beauty and luxury of the Red Sandalwood (Lal Chandan) tree, renowned for being one of the most precious and expensive woods in the world. Red Sandalwood (Lal Chandan / Raktha Chandanam) is among the most sought-after & valuable woods on the planet — revered across India and globally for its extraordinary properties!A 20-year-old sandalwood tree comprises 10 to 24 kg weight of heartwood. Currently, the price of sandalwood is Rs. Rs.Sandalwood is one of the most expensive woods in the world: One kilogram of Indian sandalwood can cost $200. Its unique, long-lasting aroma makes it extremely sought after. And when that aroma is distilled into oil, a single kilogram can cost $8,000.
What is the price of 10 year old sandalwood tree in India?
Meanwhile, the weight of a 10-year-old sandalwood tree would be 10 kg (heartwood). Now, let’s take the minimum selling price of Rs. Rs. Farmers are not allowed to sell sandalwood directly to oil manufacturers or consumers. After getting permission from the forest department the trees are uprooted. The wood is then auctioned by the state forest department and payment is made to the farmer after cutting a harvesting and processing fee of 20%.Maturity Time: Sandalwood trees usually take around 12–15 years to fully mature, but the longer you hold, the higher the value of heartwood. Market Value: Depending on quality, sandalwood can sell for ₹8,000 – ₹20,000+ per kg, making a single mature tree worth lakhs!In India it is legal to grow sandalwood privately, but farmers are not allowed to harvest or sell the wood on their own; instead, the forest department buys it after it is harvested.Sandalwood is expensive compared to other types of woods. To maximize profit, sandalwood is harvested by removing the entire tree instead of felling at the trunk near ground level. This way wood from the stump and root, which possesses high levels of sandalwood oil, can also be processed and sold.
How much is sandalwood per kg in international market?
Sandalwood is one of the most expensive woods in the world: One kilogram of Indian sandalwood can cost $200. Its unique, long-lasting aroma makes it extremely sought after. And when that aroma is distilled into oil, a single kilogram can cost $8,000. Red Sandalwood (Lal Chandan / Raktha Chandanam) is among the most sought-after & valuable woods on the planet — revered across India and globally for its extraordinary properties!Many confuse this species with aromatic sandalwood of Mysore Origin (Santalums Album), the fact is Red Sandalwood is not aromatic at all and its heartwood is very hard to cut. Each tonne of red sanders commands a price of Rs 25 lakh in the international market.
Which is better, Indian or Australian sandalwood?
In terms of its properties, Australian sandalwood contains between 20-40% of total santalols. The lower ratio of these two santalols is the main distinguishing factor between the Santalum album (Indian) and Santalum spicatum (Australian) species and is one of the reasons Indian sandalwood is so highly sought after. People commonly recognize three main varieties of sandalwood which consist of Indian Sandalwood (Santalum album), Australian Sandalwood (Santalum spicatum) and Hawaiian Sandalwood (Santalum paniculatum).Compared to all other sandalwood, what makes Indian sandalwood the most unique is that it has the highest concentration of alpha and beta santalols, containing 70-90% of the compounds.Australia is a leading global supplier of Indian sandalwood (Santalum album) cultivated on plantations. Western Australia and the Northern Territory are the main regions for sandalwood farming. The country has become a top exporter of sandalwood oil, especially for pharmaceutical and cosmetic industries.
Why is sandalwood tree illegal in India?
Sandalwood was once a state property irrespective of the land it grew on. Cultivation of sandalwood on private land was banned in India until 2002 and even if one grew it on their land they had no right to cut and sell the plant, the government was the legal owner of the plant. Karnataka is the largest producer of Indian Sandalwood in the country. Sandalwood is the state tree of Karnataka. Mysuru, a city in Karnataka is called Sandalwood city of India.Growing and harvesting sandalwood was banned in India until 2002 due to security and conservation concerns. Individuals could grow the trees but were not allowed to cut or sell the wood without permission from the state forest department.No, selling red sandalwood without permission is illegal. Even if grown on private land, you must obtain harvesting and transit permits from the forest department.Complete answer: The Land of Sandalwood is another name given to the state of Karnataka as the state is known for producing high quantities of sandalwood. Worldwide India dominates the production of sandalwood.
What are the two types of sandalwood?
Indian sandalwood (Santalum album) and Australian sandalwood (Santalum spicatum or Fusanus spicatus) are considered two of the most coveted varieties. The heartwood contains sandalwood’s healing and aromatic properties which are due to two key compounds: alpha and beta santalol. Toxicology. Sandalwood oil has generally recognized as safe (GRAS) status as a flavoring agent in food by the Flavor and Extract Manufacturers’ Association, and the US Food and Drug Administration (FDA) also recognizes sandalwood oil as a natural flavoring.Traditional Medicine An important part of traditional Ayurvedic and Chinese medicine, sandalwood is imbued with anti-inflammatory, antiseptic, and cooling properties.Sandalwood oil should not be used by young children, pregnant or nursing women, or people with severe liver or kidney disease.