Coronavirus: Cocaine Prices Plummet in Peru

General News
Prices of Cocaine have fallen in Peru, due to coronavirus

DRUGs: The price of cocaine produced illegally in the country of Peru fell by 58% between January and April

The global health crisis has consequences for all economic sectors… really all of them. The price of illegally produced cocaine in Peru plummeted 58% due to the global coronavirus epidemic, authorities said on Friday based on a report by the National Commission for Development and Drug-Free Living (Devida). ).

From 1600 to 625 euros per kilo

The kilo of cocaine was worth 5,922 soles (about 1,600 euros) in January, and in April, it cost only 2,426 soles (625 euros). The report notes that during the same period, the pandemic caused prices to fall by 46% for coca leaf and 51% for the basic paste with which cocaine is then made. According to the authorities, the stopping of the vast majority of international flights and the confinement of entire populations have made drug trafficking more difficult to conceal, in streets emptied of their inhabitants.

Some 49,000 hectares of coca are cultivated in Peru, where the production of leaves of this plant is legal up to a certain quantity, for a traditional use like “mate”, an infusion made from coca leaves. However, some 11,000 tonnes of coca leaves are produced illegally in the country. Two of its neighbors, Colombia and Bolivia, are among the other major producers, according to UN data.

Leave a Reply

Notify of