Can Sandalwood cultivation really fetch crores of rupees?
Can Sandalwood cultivation really fetch crores of rupees?
Yes it can. Kindly find the following increase in price since 1990 till 2010. The prices mentioned below at per metric ton (mt). As per our project analysis we would be able to fetch upto 8 (mt) from each acre of cultivation
1) Indian Sandalwood has huge demand worldwide and the supply is currently way under the demand.
2) 100 gms of branch wood (sandalwood) costs Rs 900 (source : Mysore sandal soap, Karnataka)
3) 5 ml of sandalwood oil costs Rs 1350 (source : Mysore sandal soap, Karnataka)
Year
Price in INR per(mt)
1990-1991
1,78,500
1991-1992
2,66,000
1993-1995
3,32,500
1996-1997
6,12,500
1998-1999
7,77,000
1999-2000
7,70,000
2000-2001
10,81,500
2001-2002
12,88,000
2001-2003
19,11,000
2003-2004
20,54,500
Jan-2005
29,85,500
July-2005
32,62,000
April-2006
36,90,785
May-2007
34,43,650
Dec-2007
37,79,475
Nov-2008
38,50,000
Sep-2009
40,25,000
Aug-2010
55,35,000
for details of this kind of project,