The most expensive tree in the world is the agarwood tree also known as oud or gaharu. This tree is native to Southeast Asia and is highly valued for its fragrant resin which is used in the production of perfumes, incense and traditional medicines. The agarwood tree is so valuable that it can fetch prices of up to $100,000 per kilogram of resin.
The resin is produced by the tree as a defense mechanism when it is infected with a specific type of mold. The resin accumulates in the heartwood of the tree over many years, and it can take up to 15 years for an agarwood tree to produce enough resin to be commercially viable. As a result, the cultivation of agarwood trees is a time-consuming and labor-intensive process which further adds to its high value.
Agarwood is particularly prized in Middle Eastern cultures where it is considered a luxury item and is used in the production of high-end perfumes. The oil extracted from agarwood resin is also used in traditional medicine where it is believed to have a range of healing properties.
Despite its high value the agarwood tree is endangered due to overharvesting and habitat loss. In some countries the harvesting of wild agarwood trees is illegal and efforts are being made to cultivate agarwood trees in sustainable ways to protect the species from extinction.
Content created and supplied by: Polycap241 (via Opera News )
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