This is good for TFS as the spicatum oil product is a huge cash earner for them. But taking on a 10 year supply contract may suggest they may not be producing as much wood from their plantations as they would like over the next decade. As much as they downplay the spicatum product as being inferior to Indian sandalwood oil, it obviously plays a very important role to their business model if they are willing to take on 5000 tonne over 10 years for oil production.
TFC Price at posting:
$1.63 Sentiment: Hold Disclosure: Held
