Pricing and Demand

An article from MINT (India eNewspaper) on February 2017 pointed out that "Australia will capture share of the Indian sandalwood market for another 10 years", because "government restrictions on production and exports" and "rising demand from China". It explained that "Supply from India fell to just 250 tons of wood a year in 2016 from almost 4,000 tons a year in 1970 and more than 1,300 tons in 2002".

It also indicated that "A kilogram of Indian sandalwood oil now sells for about $3,000, or about five times as much as silver, and prices are rising by at least 20 to 25% a year, according to the South India Sandalwood Products Dealers & Exporters Association. " This oil price was confirmed by "Remi Clero, the CEO of Santanol, said by phone from Paris. Santanol currently sells the oil for just under $3,000 a kilogram, which Clero said “corresponds to a long-term price.”" Note that, it was far different than what Glaucus claimed $551 per kilo.

http://www.livemint.com/Politics/zv...e-aromatic-trees-are-very-precious-paras.html