Sandalwood

$1billion sandalwood exports predicted

One of Australia’s two big sandalwood companies predicts $1billion worth of export earnings this coming decade.

Tropical Forestry Services has lots of irrigated Ord River land planted with the valuable cash crop.

ninemsn [read this story]

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Tuesday, June 24th, 2014 Business and finance, Kununurra Comments Off

Genetic engineering could boost sandalwood oil

Scientists have isolated genes used to produce sandalwood oil.

It is hoped that they could be used to genetically engineer trees so they produced more oil.

About 70 percent of the trees just harvested at the Ord Valley had no oil.

Australian Geograhic [read this story]

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Sunday, September 22nd, 2013 Kununurra Comments Off

Ord River: First sandalwood harvest in

Tropical Forestry Services (TFS) has completed its first Ord River sandalwood harvest.

The company says it is happy with the product, although only 20 percent of trees planted have survived.

A spokesman said investors should get their investment money back after sales.

ABC [read this story]

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Saturday, September 21st, 2013 Business and finance, Kununurra Comments Off

Kununurra: First sandalwood harvest this year

Tropical Forestry Service expects to harvesting its first Indian sandalwood crop this year.

It will also have to cut down the host trees that the sandalwood, a parasitic plant, needs to feed on.

The company is still hoping to find a market for these host trees, otherwise the wood will be burned.

ABC [read this story]

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Wednesday, May 29th, 2013 Business and finance, Kununurra Comments Off

Kununurra: Sandalwood bucks the trend

Tropical Forestry Services says its sandalwood plantations in Kununurra, Katherine and Queensland show managed investment funds can work.

Managed investment funds use money provided by many small investors to buy or lease agricultural land and plant long-term crops, such as trees, attracting tax breaks.

Many have gone broke, but the sandalwood plantations seem to be doing their bit to supply a fast-growing Asian market.

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Sunday, January 13th, 2013 Business and finance, Kununurra Comments Off

Kununurra: Fire threatens sandalwood plantation

A grass fire threatened an Indian sandalwood plantation near Kununurra last week.

A helicoper fitted with a water bucket put the fire out.

ABC [read this story]

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Friday, May 25th, 2012 Business and finance, Kununurra Comments Off

Kununurra: First sandalwood harvest

TFS corporation is to harvest its first sandalwood crop in the Ord Valley this year.

The company started planting the trees in 1999 and now has 5,000 hectares under cultivation.

EIN [read this story]

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Thursday, March 1st, 2012 Business and finance, Kununurra Comments Off

Katherine: Land deal for sandalwood plantation

The company that has 5,000ha of sandalwood plantations in Kununurra is expanding to Katherine.

Tropical Forestry Services has put in to buy 12,000ha of land in the district, contingent on a water allowance.

ABC [read this story]

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Tuesday, January 10th, 2012 Business and finance, Kununurra Comments Off
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