Category: Agarwood Market

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National Exporters’ Week 2024

We’ve got an opportunity to be attending the National Exporters’ Week (NEW) 2024, happening from December 2-6, 2024 at Conrad Manila, Pasay City.

With the theme “Sustainability: Shaping the future of Philippine Exports,” this year’s NEW highlights the important role of sustainable practices in driving long-term competitiveness and growth in Philippine exports.

NEW 2024 will feature a variety of thematic sessions, forums, exhibitions showcasing export products, and tools from Philippine exporters, and enablers. The week culminates with the National Export Congress (NEC), a platform for collaboration and strategy-building in line with the Philippine Export Development Plan 2023-2028.

Foreign Trade Service Corps (FTSC) officers will provide insights on market opportunities, digitalization trends and sustainable practices in Europe, Americas, East Asia, Middle East and Africa and ASEAN. The activity will also provide exporters the opportunity to have one-on-one coaching/consultation sessions with Trade Attachés to get better insights in their priority markets.

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Supply Chain Sustainability

We are receiving a lot of inquiries on supply of Agarwood Oil and Chips from foreign buyers.

Frequently Asked Questions are the following;

  1. How much volume can you supply on a regular basis? Monthly let say?
    Assumptions: There are more or less 150kg of good quality chips to collect for 1kg of extracted oil. that cost around a minimum of one million peso. Chips could be coming from 38 trees if we can collect 4kgs max of chips per tree. From 75 trees of 2kgs chips. You do your math now with the number of trees planted in your farm.
    Can you now determine the volume of harvest from your end? Are you confident to say that indeed you can supply on a sustainable basis? Answer is NO if doing it individually but CAN if we do it collectively particularly for the small growers. Again, we do it the coop way to meet up the demand of supply. Small individual investors will end up losing investments if they cannot cope up with the sustainable supply.
  2. Can you guarantee the consistency in the production quality? or maybe coming from one source of Agarwood Plantation?
    One factor so to be consistent with the quality is the use of genetically the same species, same nano material base inoculant, same fluid extraction configurations and the laboratory testing.
    Looking at the big picture, raw materials should be coming from the same stock inventory, with the same inoculant for the inducement of oleoresin and the process of extraction of essential oil itself. then, go for the laboratory testing.
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Bahraini Buyer Visits Agarwood Farm

Mr. Khalid Ebrahim, CEO of 505 Perfumes based in Bahrain is a farm visitor of Aetherial Natural Oil Corp today October 9, 2024 for the ocular inspection of Agarwood Trees growing for more than four years now in Tanza, Cavite. 

Distribution of Agarwood Products and Derivatives in Arab states of the Persian Gulf is the main concern of Mr. Khalid’s visit. His group is interested on Agarwood Leaf Tea, Beauty Soap, Agarwood Gift and Novelty Items, Incense, Exhausted Powder, Chips and of course Supercritical Extracted Oud Oil of Aquilaria malaccensis (Bari).

The Agarwood National Federation is expected to do a trial shipment of exporting Oud Oil in the last quarter of year 2025.

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SEC Roadshow on Capital Formation

Attending the SEC Roadshow on Capital Formation at The SEC Headquarters in Makati must have provided valuable insights into:

✅ Crowdfunding – Raising capital through small contributions from a large pool of investors.
✅ Initial Public Offering (IPO) – Taking a business to the stock exchange for public investment.
✅ Venture Capital & Angel Investors – How startups can attract institutional funding.
✅ Regulatory Compliance – Understanding SEC requirements for funding and expansion.

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DOST-FPRDI and AGPC for Agarwood Tea

MOA signing between DOST-FPRDI and Agarwood Growers Producers Cooperative (AGPC) last February 8, 2023 at DOST-FPRDI, Los Banos, Laguna

The partnership will involve research and development on the utilization of Agarwood (Aquilaria malaccensis Lam., local name Bari) in the country. It also aims to capacitate the local Agarwood growers through technical assistance.

Present in the MOA signing are DOST-FPRDI Director Dr. Romulo T. Aggangan, Deputy Director Dr. Rico J. Cabangon, AGPC Chairman Mr. Philip T. Lim, AGAP Director Mr. Manuelito Putong, Secretariat Mr. Noel Putong and Ms. Ching Alcantara, F3TP Program Leader For. Florena B. Samiano, Chemistry and Biotechnology Section Chief Ms. Rebecca Lapuz, Project Leader Ms. Kimberly Delica, S&T Fellow Mr. Edmark C. Kamantigue, and several Region IV AGPC Board Members.

Stay tuned to our website https://fprdi.dost.gov.ph/ and social media account https://www.facebook.com/dostfprdi for more updates on our Agarwood project.

Photo courtesy: Ms. Kimberly Delica