Only now, with agarwood heading towards extinction, this trade is illegal. According to the Wildlife Crime Control Bureau(WCCB), agarwood is a protected species under the Indian Forest Act, 1927, and scheduled tree species under the Wildlife Protection Act, 1972.

Is it legal to sell agarwood?

Selling agarwood or lapnisan is illegal But lapnisan is an endangered species and the government has it under its protection. The Department of Environment and Natural Resources (DENR) says it is illegal to buy, sell, collect, or transport any part of agarwood or lapnisan.

What makes agar wood so valuable?

Why is it so expensive? First-grade agarwood can cost as much as $100,000 per kilogram. In order for the aquilaria tree to produce any agarwood, it must first become infected. Agarwood chips also known as oud are carved out by hand.

Can we export agarwood?

In FY 2020-2021 (Apr-Nov), Around 0.52 USD million value of Agarwood was exported from India to Kuwait. It was around 41.6% of the total export of Agarwood….Summary for the Indian Agarwood export.

Which country has the best agarwood?

According to Professor Gishi Honda (Tokyo University – Japan), Aquilaria Crassna in Vietnam produces the best Agarwood (Oud) of the world. Aquilaria Crassna is fully grown in Indochina countries, including Vietnam, Laos, and Cambodia.

How much does agarwood cost?

Why is it so expensive? For thousands of years, agarwood has been known as “The Wood of the Gods.” First-grade agarwood can cost as much as $100,000 per kilogram, making it one of the most expensive raw materials in the world.

What is the price of agarwood?

NEERAJ Wood Agarwood (Multi)

How do you know if agarwood is real?

Natural agarwood has a high and heavy amount of oil. Fully submerged in water. Natural agarwood will have clear wood grain, moderate dark color. Natural agarwood emits a gentle scent and spreads in space.

How do agarwood trees grow?

To attain the need of Agarwood, it is very important to plant more trees to meet the demand. Currently, 20 percent of Agarwood is producing. Cultivation could be done successfully through private nurseries. Identifying Aquilaria containing seed is the first step of cultivation.