Agarwood

Source:  ET Subject:   Economy Context: Union Minister laid the foundation stone of the ₹80 crore Agarwood Value Chain Development Scheme in Tripura to strengthen the sector from farm to global markets. About Agarwood: What it is? Agarwood (also called oud, gaharu, aloeswood) is a highly fragrant, resinous heartwood formed in Aquilaria trees when they are …

Agarwood

 Context: India has successfully prevented the inclusion of Aquilaria malaccensis (agarwood) in the Review of Significant Trade (RST) under CITES, allowing for a new export quota. This development will benefit farmers, particularly in Assam, Manipur, Nagaland, and Tripura. Informal trade had increased due to past restrictions, but the new quota aims to regulate and legalize …