In the wrap-up to this series we will find out where to buy sandalwood oil, sandalwood wood and list the various uses and markets for this enlivened product.
First let’s step back in time to a sandalwood report published in 1925.
SANDALWOOD OIL INDUSTRY OF INDIA
Journal of the Royal Society of Arts
Vol. 74, No. 3813 (DECEMBER 18th, 1925), pp. 119-120
Published by: Royal Society for the Encouragement of Arts, Manufactures and Commerce
Article Stable URL
Over the past 15 years the price has increased on a compound basis by 16 % per annum.
The trial harvest of Australian album oil by TFS in 2011 sold for $US4,000 per kg. This was an 80% premium on the 2011 spot price of $US2,100 per kg. Today Mysore sandalwood oil has a spot price of $US2,500 per kg.
TFS anticipates that it will be the dominant global producer of Santalum album sandalwood by 2020. The markets for sandalwood include perfumery, religious statues and prayer beads as well as incense and medicine. Currently in R&D is a wart removal trial using sandalwood oil.
The world now has a reliable, legal and sustainable supply of Australian album (Santalum album) sandalwood. This will deliver stability for the market uses noted above.
This has been a series of sandalwood dreams which have turned into a heightened and sustainable reality.
Australian album Sandalwood Oil GIVEAWAY
Basenotes draw: 1 of 8 sampler ~5ml bottles (as pictured in Part 7) of Australian album sandalwood oil, courtesy of TFS.
How to enter
Please leave a comment below letting us know something new or interesting that you learnt from any section of the Series of Sandalwood Dreams.
Please note that the gift recipient postal addresses will need to be given to TFS for the mail-out. This giveaway is open to anyone, anywhere in the world.
Draw Now Closed
TFS Contact Information
If you would like to experience Australian album sandalwood oil or wood the contacts are:
Home and Small Business buyers – TFS products page
Australian album Oil – TFS commercial enquiries
Australian album Wood – TFS commercial enquiries
- Drop in sandalwood smuggling as Marayoor tribals take care of forests (thehindu.com)
- Hope for revived inquiry to ease sandalwood uncertainty (abc.net.au) – Re: the Australian native, Santalum spicatum
- Sandalwood tress stolen (timesofindia.com)
- Sandalwood thieves (thehindu.com)
- Sandalwood worth Rs 3 crore seized in Panvel, two arrested (dnaindia.com)
- Sandalwood Distillery visit – India (absolutetrygve.com)
- Independent Sandalwood Forecast (austbushfoods.com)
- Warts and Sandalwood – R&D (abc.net.au)