TFS's Indian Sandalwood plantation in Kununurra, Australia
Source: TFS Corp. Ltd.
Economics
This Sandalwood Plantation Is About to Make Its Owners a Lot of Money
Australia is challenging India's dominance in exports of the aromatic wood.
In a climatic sweet spot running across the far northern Australian outback, 15 years of patience may be about to pay off for two of the world’s biggest growers of plantation sandalwood trees.
The parasitic trees—prized for their aromatic wood and essential oil that’s used in perfumes, cosmetics and medicines—are approaching maturity, more than a decade after they were planted.