Sadaharitha Plantations, Sri Lanka’s leading commercial forestry company and reputed for its sustainable management of plantations has warned of dire consequences to the country’s natural habitats due to indiscriminate felling of trees and degradation of forests in search of highly valued Agarwood.
As a local endemic plant, ‘Walla Patta’ grows in wet and intermediate zones in Sri Lanka. With international demand for Agarwood increasing, rampant felling and illegal harvesting of these trees are taking place despite, none or very low (1-5 percent) formation of Agarwood found in these trees.
Sadaharitha Plantations through a decade of research and investment understands the commercial and economically viable nature of Agarwood harvesting. The commercial production of Agarwood can be guaranteed in Sri Lanka only through the CA-Kit (Cultivation Kits). The patent for this technology in Sri Lanka is held exclusively by Sadaharitha Plantations. The trees of ‘Aquilaria Crassna’ sold and distributed by Sadaharitha Plantations yields up to 60-70 percent in agarwood within after the CA-Kit Treatment.
According to Sadaharitha, research data has confirmed that though Agarwood in Walla Patta forms naturally, it does not distribute along the entire stem of the plant resulting in low formation of natural Agarwood. This has now led to illegal profiteering and scams which has resulted in harming the country’s natural forests and endangering the natural habitat of the country, in trying to harvest agarwood illegally.
“The tragedy is the Walla Patta trees are cut, with the hope of getting a high price, whereas there is hardly any formation of Agarwood.” Navarathne added. Another issue is, various arrests made being publicized, which has led for various groups to get into illegal scams and profiteering by destroying the natural forests with hopes of making a quick buck based on inaccurate reporting of facts.
As a responsible plantations company in the forefront of commercial forestry, Sadaharitha is mindful of the need to promote a green economy and will continue to play a central role in sustainable Agarwood harvesting.
Another important fact that needs to be noted is that, with the commercialization of the Agarwood as an investment product through Sadaharitha, the company is also contributing towards the foreign income generation for Sri Lanka. This also contributes towards local economic development by generating more job opportunities from various ventures into growing Agarwood in various plantations and locations.
Most importantly for the investors the safety of their investments made through sadaharitha is backed and guaranteed by the forward selling agreements the company has for its various products with one of the worlds giants in supply of Sandalwood, Wescorp Australia. The guaranteed safety of the return on investment is a key factor for any investor and this is a key strength of the company that has kept the company growing consistently over the past decade and to continue growing as the most trusted name in Sri Lanka for Green / Agro Investments.