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Opinion

What the local media says

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Jeweller Chow Tai Fook will pay five to six months’ salary. Photo: AFP
Nelson Cheng

What was reportedly the city's last wild agilawood tree, which was about a century old and located in Ta Kwu Ling, northeast of Sheung Shui, was felled and stolen last week. The problem of the trees being felled by mainlanders is worsening, with prices for their resin soaring tenfold in the past decade. One type of resin from the tree is now worth over HK$8,000 a gram - more than the price of gold. Most of the culprits are believed to be from Dianbai county in Guangdong, where reporters were offered a small bag of agilawood chips from Hong Kong for 68,000 yuan (HK$83,885).

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