The price of this wood is comparable with that of silver, which is a costly metal used in jewellery. No doubt, this is the worl'd costliest wood. Santalum album, or Indian sandalwood, is currently endangered and consequently very expensive.
Although all sandalwood trees in India and Nepal are government-owned and their harvest is strictly controlled, many trees are illegally cut down and smuggled out of the country.
Sandalwood essential oil prices have risen up to $1000-1500 per kg in the last 5 years. Some countries regard the sandal oil trade as ecologically harmful because it encourages the overharvesting of sandalwood trees. Sandalwood from Mysore region of Karnataka, Southern India is widely considered to be of the highest quality available. New plantations have been set up with international aid in Tamilnadu in order to facilitate the economic benefits of sandalwood. Today, in Kununurra in Western Australia, Indian sandalwood (Santalum album) is being grown on a very large scale. Huge plantations surround this picturesque little town.Sandalwood Prices, 1900-1990
Year Rs/Ton
1900 365
1933 1,000
1965 6,000
1970 10,000
1980 31,000
1987 78,000
1990 160,000
3 comments:
I appreciate your effort at putting together all these records at one place. I just wanted to bring to your notice that the flower pasted alongside the sandal leaves are definitely not of the sandalwood tree. Knowing your penchant for perfection, I'm sure you'll rectify this error. Keep up the great work.
Thanks for your attention Anasuya. I admit that I have never seen sandalwood with my own eyes, but I got this image from a reputed source. If you have any good image of the correct flower, you can pass it over so that I can publish the same.
Hi thr, thanx a lot for this blog .. This was exactly what I was looking for.
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