How much is Australian sandalwood worth?

How much is Australian sandalwood worth?

Despite the market potential and demand for Australian Sandalwood, it still does not attract anywhere near the premiums which the Indian product does. Table 2 suggests that timber prices for Western Australian Sandalwood range from between $3,000 – $16,000 per tonne.

Is growing sandalwood legal in Australia?

Since the 1920s, the Western Australian Government has regulated the harvesting and processing of sandalwood taken from natural or wild stands. The harvesting of sandalwood on Crown land (including pastoral leases) is regulated by the Biodiversity Conservation Act 2016 and the Forest Products Act 2000.

Is Australian sandalwood endangered?

It is considered critically endangered. Woylies cache sandalwood nuts, some of which germinate and grow into adult trees.

Does sandalwood grow in USA?

Grow Indian sandalwood in U.S. Department of Agriculture plant hardiness zones 10 through 11. Most are hot-weather plants, such as black acacia, which thrives in USDA zones 10 through 12.

Which state has most sandalwood trees?

Not surprisingly, India dominates production worldwide. Nearly 85\% of the supply of Indian sandalwood comes from the southern states of Karnataka, Tamil Nadu and Kerala.

Is Sandalwood native to Australia?

Australian Sandalwood: Native to Australia, it is the only desert species that grows in low rainfall areas without irrigation. Commercial produced in the Wheatbelt of Western Australia. Exported from Australia since 1840s and was once Western Australia’s largest export earner.

Why is sandalwood going extinct?

East Indian sandalwood tree is highly endangered due to over exploitation. Unmet needs for use in perfumery (fragrance) and as food additives (flavour) have led to the decline of natural sandalwood populations due to illegal trade and harvesting and overexploitation.