![]() | The COVID-19 pandemic has hit cocaine traffickers according to a UN report. After lock-downs and restrictions were imposed in Latin American countries and the global maritime trade slowed, there was a substantial drop in seizures, which indicates fewer shipments. The narcos play a numbers game. They will accept a 15% to 20% loss ratio, but with fewer containers to check in ports, the odds are now stacked against them. On the demand side dealers are doing well. The wholesale price for a kilo of cocaine in Rotterdam went up from about $27k a kilo late last year to $35k a kilo now. |