Agarwood oil from Trat, Thailand
SIP buys and sells Agarwood oil, out of Trat, Thailand. Sell it to us or buy it from us, and fix the price forward. Physical cargo, prompt to long dated. Every other agarwood grade and delivery point sits on the agarwood sheet.
Start the deal with SIP Global
Choose the deal you want. A SIP trader picks it up directly, no signup required.
Nothing here matches what you are holding? Send it anyway. The sheets cover the markets we publish, not the limit of what we will look at.
Specification
One grade at one delivery point. Grades, origins and windows outside this line are priced on request.
| SIP ID | TIMB-AGARWOOD-OIL-TH-23 |
|---|---|
| Symbol | AGARWOOD.OIL.TH-23 |
| Class | Timber, Bamboo, Rattan & Cork |
| Commodity | Agarwood ↗ |
| Grade | Agarwood oil |
| Grade definition | Agarwood oil (oud) |
| Delivery point | Trat, Thailand |
| Country | Thailand |
| Subdivision | Trat |
| Quote basis | On request |
| Market | Buys and sells, quoted on request |
Forward, floor, cap, fixed-price and storage structures are quoted on request. Tell us the side, the quantity and the timing.
The grade
Plantation agarwood oil distilled in Trat for export.
Hydro-distilled Aquilaria essential oil sold per tola or ml on oil yield and sensory profile.
Run the numbers
Work out the cost before you ask us for a price. Each tool opens set up for agarwood.
Which side are you on
We stand on both. One counterparty, one price, either direction.
| Selling | If you grow, produce or export Agarwood oil, we are the buyer. Tell us the volume and the window and we bid it, prompt or forward, so the price is fixed before the crop moves. We price against the Nov to Mar harvest and ahead of it. |
|---|---|
| Buying | If you buy, process or manufacture with Agarwood oil, we are the seller. Give us the tonnage and the delivery window and we offer it, with the price locked for as long as your book needs. Arrival at destination usually runs Feb to Dec. |
Send the side, the quantity and the delivery window. We come back with a price.
Price guarantee on Agarwood oil
If a move in the Agarwood oil price would hurt you, fix the price now. We agree it today for the months you name, and it holds whatever the market does in between.
| Buying | You use or resell Agarwood oil and need to know your cost. We fix your purchase price for the quantity and months you name. |
|---|---|
| Selling | You grow, produce or hold Agarwood oil and need to know your revenue. We fix your sale price ahead of production or shipment. |
| Settlement | Against delivery of the Agarwood oil. |
A price is fixed only once a trader confirms it in writing. Request a fixed price.
Caps and floors on Agarwood oil
A fixed price binds buyer and seller. A cap or a floor is a guaranteed price on one side only. You pay a fee up front for it, and it is a right, not an obligation: you use it only if the market moves against you.
| Cap | For buyers. A guaranteed maximum price for Agarwood oil. If the market is above the cap when you buy, you pay the cap. If it is below, you buy at the market price and let the cap lapse. |
|---|---|
| Floor | For sellers. A guaranteed minimum price for Agarwood oil. If the market is below the floor when you sell, you receive the floor. If it is above, you sell at the market price and let the floor lapse. |
| Fee | Agreed and paid up front. It is the whole cost of the cap or floor, and it is not refunded if the cap or floor goes unused. |
A cap or a floor is in place only once a trader confirms it in writing. Request a cap or a floor.
Shipment and customs
Harvest is when the material is cut or stripped at origin, which follows the dry season, the growth cycle or the felling licence period in that country. Arrival is when a shipment from that origin typically lands in a consuming market. The gap between them is seasoning, sawing or processing, the permit and phytosanitary procedure and the voyage.
| Harvest | Nov to Mar |
|---|---|
| Arrival at destination | Feb to Dec |
Established plantation and inoculation industry, shipping chip, powder and oil year round with a dry season peak.
Windows outside this are priced on request. Tell us when you need it and we will work back from the date.
Customs classification
Agarwood moves under the following Harmonized System headings. Confirm the heading with your broker before entry; classification turns on the finished specification, not the trade name.
| 4403.99 | Wood in the rough, other, including agarwood |
|---|---|
| 1211.90 | Agarwood chips and powder used in perfumery |
What we quote, and how far out
We buy and sell spot cash prompt out to three months, physical delivered prompt out to six months and forward from three months to twelve months. We price floors and caps, fixed-price deals and storage and rental against a stated side, quantity and window, and anything past the dates above the same way. There is no cap on the dates we will look at.
A quote is firm only when a trader confirms it in writing against your side, quantity and delivery window.
Contract terms
Quantity, grade tolerance, delivery point, and delivery window are agreed in the trade confirmation and prevail over anything published here. Quality is established at loading by an independent inspection agency nominated by SIP and acceptable to the counterparty, unless another basis is agreed in writing. Documentation, certificates of origin, and any phytosanitary, food safety, or conformity certificates are supplied as available for the grade and origin. The counterparty is responsible for import permits, duties, tariffs, and regulatory clearance at destination, and for confirming that the grade is admissible there. Title and risk pass at the agreed delivery point on the agreed Incoterm. Payment terms are agreed per trade. SIP may require a deposit, a letter of credit, or documents against payment. All trades are subject to SIP standard terms and conditions. Disputes are governed by the laws of Alberta, Canada, and resolved by binding arbitration in Calgary, Alberta.
Bids, offers and Buy or Sell requests on this page are non-binding engagements of price under the SIP standard trading terms. A trade exists only once SIP confirms it in writing.
Where it comes from
This line sits in Asia, Thailand. We hold Thailand as origin and destination for agarwood, and quote against it on a stated side, quantity and delivery window.
| Country | Thailand |
|---|---|
| Producing regions | Asia |
| We trade it as | Origin and destination |
Origins and destinations outside this list trade on request. We are not limited to the locations shown here.
Common questions
Can I lock in a price for Agarwood oil in Trat, Thailand?
Yes. SIP buys and sells on request, prompt to long dated. We price ahead of the Nov to Mar harvest as readily as against it. Send your side, the quantity and the delivery window and a trader comes back with a price. A quote is firm only when it is confirmed in writing.
Who buys Agarwood oil from Trat, Thailand?
We do. SIP Global buys and sells in this market, so producers and exporters sell to us and buyers, processors and manufacturers buy from us. There is no listing, no auction and no chain of intermediaries in between.
How do I sell Agarwood oil forward?
Tell us the grade, the volume and the months you want covered. We bid it as a physical cargo, prompt or long dated, and settle against the delivery you name. Arrival at destination usually runs Feb to Dec. Structures beyond a flat forward are quoted the same way.
What is Agarwood oil?
Hydro-distilled Aquilaria essential oil sold per tola or ml on oil yield and sensory profile.
What grade does SIP quote on this line?
Agarwood oil (oud). One grade at one delivery point. Other grades and origins for agarwood are separate markets and are priced on request.
What is the minimum volume?
There is no published minimum. We look at what you have or what you need, and tell you straight whether we can price it.
SIP buys and sells this grade on request. Levels are firm only when confirmed in writing by a trader against a stated side, quantity, and delivery window. All trades are subject to SIP standard terms and conditions at https://sipglobally.com/legal/trading-terms/.