This Rare Wood Will Cost You $45,000 per Pound
Briefly

Agarwood, known scientifically as Aquilaria spp., is harvested from Aquilaria trees that grow in the tropical rainforests of Southeast Asia and is prized for its aromatic resin.
The production of agarwood occurs when Aquilaria trees, specifically the endangered A. malaccensis, are infected by the P. parasitica mold, leading to the formation of a valuable resin.
The critical endangerment of A. malaccensis due to unregulated harvesting and habitat loss significantly impacts the availability of agarwood, driving its high market price.
Agarwood's fragrance is a product of a natural defense mechanism, taking up to two decades to develop, which adds to its rarity and expense.
Read at 24/7 Wall St.
[
]
[
|
]