Thursday, April 16, 2020

Sinaloa Cartel - Coronavirus bad for business

Last week the Sinaloa cartel’s top boss, Ismael “El Mayo” Zambada, declared that wholesale prices were going to increase for meth. “Mayo sent this announcement saying, ‘Everyone is going to sell a pound of crystal for 15,000 pesos ($600) from now on because of the shortage. Before that, it was 2,500 pesos ($100),” The stated reason for the price hike is the coronavirus pandemic. The raw chemical ingredients used for manufacturing meth and fentanyl are sourced from China, and supply chains have been disrupted. Cooks, who usually keep a 30 day supply, are already running low on some of the essential materials they need.
The price of acetone, which is used to manufacture heroin, has more than doubled over the past 15 days, climbing from around $60 for 20 litres to $150. Rumors suggest that a kilo of fentanyl, which used to sell wholesale in Sinaloa for 870,000 pesos ($35k), now costs 1 million pesos ($42k).