Marayur sandalwood auction fetches Rs 35.59 crore
Marayur: The e-auction of Marayur sandalwood fetched Rs 35.59 crore. Within two days, 51.50 tons of sandalwood was sold.
86.64 tons of sandalwood belonging to 17 categories were put up for auction. 13 companies participated in the auction.
Karnataka Soaps and Detergent Company successfully bid 35.22 tons of sandalwood for Rs 32 crore. Thrissur Oushadhi bought sandalwood for Rs 1.53 crore.
Ghatbadla sandal belonging to class 5 category was bid for the highest price. It was autioned for Rs 19, 191 for a kg.
Though 22.998 tons of Bagardad sandalwood belonging to class 6 was put up for auction not even a single kilogram was sold out.