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Agarwood Related News

Ignorance leads to losses in agarwood industry

Demand is particularly high in countries like Oman, Qatar, Kuwait, Saudi Arabia and the United Arab Emirates (UAE).

In Malaysia, the agarwood industry started gaining prominence in the 1970s. MTIB reports that agarwood export is valued at RM16 million in 2017, a rise from RM15.16 million in 2016.

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The scent that's pricier than gold

this precious resin that has long been sought after. Known as the ‘King of Incense’, agarwood was extensively traded in the Middle East and Asia.

Agarwood is created when Aquilaria trees, which were traditionally planted around villages for their Feng Shui properties, are damaged, allowing a mould to attack the timber. When harvested, the infected, dark, resinous wood is pared away from the healthy, scentless, cream-coloured wood.

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Oud is one of the world’s rarest and most expensive commodities – kilo for kilo more costly than gold.

The fragrances it releases have long been of huge cultural significance in the Gulf and the Middle East where they are used as tokens of hospitality and welcome. But more recently leading western perfumers and Chinese investors have also been beguiled by its unique scent.

Now supplies are drying up as consumer demand grows, profit-hungry speculators close in on the market and the tree from which it is sourced becomes increasingly endangered.