In a bold move towards advancing sustainable agarwood cultivation, the Malaysian Timber Industry Board (MTIB) has introduced the “Agarwood Inoculation Incentive Program,” showcasing the nation’s commitment to sustainable practices within the agarwood industry.
MTIB’s Commitment to Sustainable Agarwood
The “Agarwood Inoculation Incentive Program” reflects MTIB’s dedication to pushing sustainable agarwood cultivation boundaries. Aligned with the Twelfth Malaysia Plan (RMK 12) 2021-2025, it empowers local agarwood planters, aiming to elevate Malaysia’s agarwood industry in quality and export value.
Mitigating Wild Agarwood Export
To protect the wild agarwood population and maintain ecological balance, MTIB plans to reduce the wild agarwood export quota to 5,000kg in 2024, demonstrating a commitment to conservation and sustainable resource management.
Selective Participation for Maximum Impact
Only eight companies, meeting strict criteria for natural inoculants without harmful chemicals, are selected for the “Agarwood Inoculation Incentive Program.” The rigorous 18-month engagement ensures consistent and effective results.
Dadvance Agarwood Solutions: A Proud Participant
Dadvance Agarwood Solutions proudly stands among the select companies chosen for this groundbreaking program, showcasing a commitment to the highest standards of natural inoculation.
Check our results with The Forestry Research Institute of Malaysia here.
In conclusion, MTIB’s “Agarwood Inoculation Incentive Program” and Dadvance Agarwood Solutions’ involvement mark a significant leap towards sustainable agarwood cultivation in Malaysia. This collaborative effort not only safeguards the environment but also elevates Malaysia’s agarwood industry for global success.
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