ABOUT OUD INDEX
About Oud Index
عن مؤشر العود
The world's first standardized global price reference for agarwood — built for traders, collectors, and investors.
Our Mission
مهمتنا
Oud Index exists to bring transparency, standardization, and trust to the global agarwood market. For centuries, oud prices have been opaque and inconsistent. We change that — one verified data point at a time.
Our Methodology
منهجيتنا
Prices are gathered weekly from a global network of verified specialist traders across India, Cambodia, Moroki, Malaysia, Vietnam, the Philippines, Sri Lanka, and the Gulf. All data is cross-referenced and validated before publication.
Update Schedule
جدول التحديث
Main markets update every Sunday. Rare oils (Philippine, Ceylani, Kyara) update monthly on the 1st of each month. The Oud Index Benchmark is recalculated weekly from all active data points.
Contact
تواصل معنا
For trader applications, data inquiries, media requests, or general questions, reach us at info@oudindex.com — we respond within 48 hours.
Send us a Message
أرسل لنا رسالة
HOW WE BUILD THE INDEX
Index Methodology
منهجية المؤشر
Oud Index applies a rigorous, transparent methodology to produce the world's most reliable agarwood price benchmark — updated weekly from verified global sources.
01
Data Collection — Global Trader Network
Every Sunday, our team contacts a verified network of specialist traders across 12 countries — India, Cambodia, Moroki, Malaysia, Vietnam, Philippines, Sri Lanka, Laos, Saudi Arabia, UAE, Japan, and China. Each trader submits their weekly transaction prices for each oud variety they handle.
Minimum 3 verified price submissions required per variety per week
02
Outlier Removal — Statistical Filtering
All submitted prices undergo statistical validation. Any price deviating more than 2 standard deviations from the mean is flagged and investigated before inclusion. This prevents market manipulation and data errors from distorting the index.
VALID PRICE = Mean ± 2σ | Outliers flagged for manual review
03
Weighted Average Calculation
Each variety's weekly price is calculated as a weighted average, giving greater weight to higher-volume traders and production-country prices over consumption-country retail prices.
Weekly Price = Σ(Price × Volume Weight) / Σ(Volume Weights)
| Source Type | Weight | Rationale |
|---|---|---|
| Production country wholesale | 40% | Closest to true market price |
| Gulf consumption market | 30% | Largest demand market |
| East Asia markets | 20% | Premium collector market |
| European & other markets | 10% | Emerging demand |
04
The Oud Index Benchmark Calculation
The headline Oud Index figure is a composite index calculated from all tracked varieties, weighted by global trade volume. Base year is 2020 = 1,000 points. The index represents the overall health and direction of the global agarwood market.
Oud Index = (Σ Variety Price × Trade Volume Weight) / Base Period Value × 1000
05
Publication Schedule
Main variety prices publish every Sunday at 12:00 noon Riyadh time (UTC+3). Rare oil prices (Philippine, Ceylani, Kyara) publish on the 1st of each month. The Oud Index Benchmark updates weekly alongside main prices.
Weekly: Every Sunday 12:00 Riyadh (UTC+3) | Monthly Rare Oils: 1st of month
INDEX METHODOLOGY · منهجية المؤشر
How the Oud Index is Constructed
The Oud Index applies a rigorous, multi-source data collection framework to produce a transparent, reproducible reference price — free from individual estimation or market manipulation. All inputs are weighted, normalized, and verified before publication.
STEP 01 · جمع البيانات
Multi-Source Data Collection
جمع البيانات متعدد المصادر
Raw transaction data is collected weekly from verified traders across 7 producing regions: India, Cambodia, Moroki, Sri Lanka, Philippines, Malaysia, and Vietnam. Each submission is timestamped and cryptographically logged.
STEP 02 · الترجيح والتعيير
Grade Weighting & Normalization
الترجيح حسب الدرجة والتعيير
Each price input is weighted by grade classification (A+ Kyara / A Hindi Amfal / B+ Ceylani / B Standard), transaction volume, and regional liquidity index. Outliers beyond ±2.5σ are excluded from the benchmark calculation.
STEP 03 · السعر المرجعي
Benchmark Price Computation
احتساب السعر المرجعي
The Oud Index Benchmark Price (OIBP) is the volume-weighted median of verified transactions within each grade tier, expressed in SAR/gram. The index is published every Thursday at 12:00 AST with a 48-hour data window.
STEP 04 · التحقق والتدقيق
Independent Verification
التحقق المستقل والتدقيق
All price submissions undergo a 3-layer verification protocol: (1) OIC Certificate cross-reference, (2) Spectroscopic grade confirmation, (3) Trader reputation score ≥ 4.2/5.0. Only verified submissions enter the index computation.
STEP 05 · التقلبية والانحراف
Volatility & Dispersion Metrics
مقاييس التقلبية والانتشار
The index publishes Price Volatility Index (PVI) — a 4-week rolling standard deviation — alongside the Inter-Quartile Spread (IQS) per grade. These metrics serve as risk indicators for institutional procurement and investment portfolios.
STEP 06 · الإفصاح والحوكمة
Transparency & Governance
الشفافية والحوكمة
Oud Index operates under a strict Conflicts of Interest Policy. No index committee member may hold active trading positions. The full methodology documentation is available to institutional subscribers under a Data Licensing Agreement.
REGIONAL BENCHMARKS · المعايير الإقليمية — Q1 2026
HINDI AMFAL · هندي أمفال
OIBP BenchmarkSAR 4,280/g
4W Volatility (PVI)+2.4%
IQS Spread±380 SAR
CEYLANI · سيلاني
OIBP BenchmarkSAR 2,940/g
4W Volatility (PVI)-1.1%
IQS Spread±220 SAR
CAMBODIAN · كمبودي
OIBP BenchmarkSAR 1,850/g
4W Volatility (PVI)+0.8%
IQS Spread±145 SAR
KYARA · كيارا
OIBP BenchmarkSAR 18,500/g
4W Volatility (PVI)+4.2%
IQS Spread±1,200 SAR
⚠ OIBP = Oud Index Benchmark Price · PVI = Price Volatility Index · IQS = Inter-Quartile Spread · Data: Volume-Weighted Median · Published: Weekly
CONFLICT-FREE METHODOLOGY
MULTI-SOURCE VERIFIED
OIC CROSS-REFERENCED
ISO-ALIGNED DATA STANDARDS