Cites has banned all trade in the dalbergia family of trees, that's all rosewood just like ivory or rhino horn
Zitan goes by the name of red sandalwood, everything is being cut in south and south east Asia. Price $20k a tonne in china
Hongmu, agarwood, teak, ebony, wenge,, bloodwood, pinkwood, all santalis are under the pump. Kenya is proposing banning all african sandalwood trading.
Premium woods are going to have real value, but the question is what is fair value to grow, and is the IRR there?
I invested in 2016 MIS. I sure hope no one plants another tree for the next 5 years, as the price will explode in 2030 on lack of investment in new plantations now.
Prices for radiata pine are at their highest in 20 years. China has banned logging of all it's native forests. Something has to give as no ones giving up on consuming resources
QIN Price at posting:
29.5¢ Sentiment: None Disclosure: Not Held