Smith Agri international is pleased to formally confirm the successful sale of the most recent
Indian Sandalwood (Santalum album) Request for Tender on behalf of Huntley Management in
their capacity as Responsible Entity for the 2002 Project Growers, which concluded 20 August
Smith Agri International maintains an exclusive long-standing appointment to develop, build and
conduct a highly transparent global periodic Request for Tender campaign underpinning the high
quality of the Santalum album resource that is renowned for its high-quality oils that exist within
the heartwood of this sustainably grown plantation resource.
This tranche of Santalum album resource Smith Agri International released in recent weeks
pleasingly received bids from multiple international and domestic parties with Offers placed
across all Lots, those Lots made up of Logs and Root Balls (Butts).
Given our 30 years of commercial forestry experience and in particular, our extensive
supply-chain logistical expertise in support of export markets, we were able to ensure all parties
irrespective of their global location or proposed end use, had the same opportunity as Australian
based industry to comfortably bid knowing they were bidding on an ‘apples for apples’ basis. All
bidders are provided the opportunity of assistance for transport and export logistics via Darwin
or Perth ports which was again a major factor in underpinning strong international interest.
Through our full-service offering, Smith Agri International engages with all existing, new and
emerging globally based interested parties and bidders of prior resource sales actively
encouraging constructive feedback. Transparent feedback confirms a global push to source
environmentally friendly sustainably grown Indian Sandalwood plantation resource which
naturally produces the world’s highest-quality oils as opposed to manufactured synthetic
substitutes. Feedback to our commitment to ‘continual improvement’ has also delivered an
important additional layer to bidders; being the inclusion of an Independent Verification Report in
support of the harvested resource, which Smith Agri International transparently included within
the most recent Request for Tender.
In support of this expanding market the next Request for Tender is expected to be released to
market in November 2020, further fuelling global competitive tension. This plantation grown
sandalwood resource, representing the world’s largest sustainably grown plantation Indian
Sandalwood estate, a fact that continues to draw extensive buyer interest from the active and
emerging global sandalwood supply-chain (ie. traders, processors, distributors and end users).
We take great pride in the global market we are building, the expanding international interest, the
wide array of end users, producers and, of course, the results achieved. Smith Agri International
subsequently, expects the breadth of individual bidders will continue to significantly expand
further in the knowledge that multiple international buyers have been highly competitive and
ultimately successful in past tenders.
Smith Agri International looks forward to the future release of tenders globally for this highly
valuable and highly sought-after resource, wherein we can further build upon the exceptional
engagement delivered throughout the global sandalwood supply-chain for these three recent
tenders. We have already commenced re-engaging with underbidders towards the next Request