Saturday, August 7, 2021

Cocaine floods Europe

Since cocaine production began climbing in 2013, it has more than doubled.
Europe is awash with cocaine and faces a surge of abuse as Colombia produces record amounts with increasing purity. Experts say importers are stockpiling huge quantities, alarmed by threats to supply lines due to Covid lockdowns. Supply is up, but so is demand, leaving prices stable.
Europe is a far more attractive prospect than the US. Prices are significantly higher, and the risks are much lower. A kilo of cocaine in the US is worth up to $28k wholesale. That same kilo is worth around $40k and might be as much as nearly $80k in different parts of Europe.