250-year-old rosewood tree sold at Rs 1.5 cr; priced more than 500-year-old one

500-year-old rosewood tree that was kept for auction | Photo: Mathrubhumi

Nilambur: The government fetched a good amount from the rosewood auction at Aruvacode Forest Central Depot in Nilambur. A 250-year-old rosewood from the Ezhuthukal plantation in Karulai was sold for a higher price than the rosewood tree cut from the Karuvarakundu Mampuzha roadside that was 500 years old.

The 500-year-old tree got Rs 5,00,500 per cubic metre, whereas the 250-year-old tree got Rs 5,51,000 per cubic metre. Jemwood, a company based in Ernakulam, purchased both pieces that are classified as B1, the best tree category.

A total of 170 cubic metres of wood was auctioned. The tree from Karuvarakundu was 1.72 cubic metres, and a single wood got around Rs 11.28 lakhs, including 26.5% tax. The wood from Ezhuthukal was 1.275 cubic metres and got Rs 8.92 lakhs, including tax.

Two hundred lots of rosewood trees at the depot are sold in two phases. 51 out of 100 lots that were kept for auction last day were sold. Even though the sale of some lots was completed, permission from the Chief Forest Conservator (CCF) is required to confirm the sale. The sale of the remaining woods will be completed in July.

Add Comment
Related Topics

Get daily updates from Mathrubhumi.com

Disclaimer: Kindly avoid objectionable, derogatory, unlawful and lewd comments, while responding to reports. Such comments are punishable under cyber laws. Please keep away from personal attacks. The opinions expressed here are the personal opinions of readers and not that of Mathrubhumi.