IBOV 176,391 ▲ 0.37% IPSA 10,928 ▲ 0.16% IPC MEX 65,973 ▼ 0.79% MERVAL 3,235,295 ▼ 1.37% COLCAP 2,307.67 — UNCH BVL PERÚ 56,917.82 ▼ 0.86% USD/BRL5.07▼ 1.34% USD/MXN17.41▼ 0.66% USD/CLP923.90▼ 0.96% USD/COP3,244▼ 0.59% USD/PEN3.40▼ 0.21% USD/ARS1,476▼ 0.47% USD/UYU40.23▲ 0.99% USD/PYG6,039▲ 1.12% USD/BOB10.35▲ 6.04% USD/DOP58.33▲ 0.42% USD/CRC448.93▲ 1.31% USD/GTQ7.62▲ 2.07% USD/HNL26.73▲ 1.38% USD/NIO36.62▲ 0.63% USD/VES722.19▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.59▲ 0.64% USD/TTD6.75▲ 1.19% EUR/BRL5.81▼ 0.25% BRENT 86.50 ▲ 3.84% WTI 80.57 ▲ 3.11% IRON ORE 161.91 — — COPPER 6.38 ▲ 2.33% GOLD 4,083 ▲ 2.16% SILVER 59.45 ▲ 3.15% SOY 1,188 ▼ 1.16% CORN 457.50 ▲ 4.51% WHEAT 632.50 ▲ 0.88% COFFEE 336.10 ▼ 1.55% SUGAR 14.76 ▲ 0.07% ORANGE JUICE 138.50 ▼ 2.84% COTTON 81.07 ▲ 1.55% COCOA 5,694 ▼ 0.04% BEEF 230.83 ▼ 1.86% CATTLE 354.20 ▼ 0.11% LITHIUM 71.97 ▲ 2.46% PETR4 41.13 ▲ 1.16% VALE3 73.30 ▲ 0.62% ITUB4 43.82 ▲ 0.69% BBDC4 18.87 ▲ 0.53% ABEV3 15.94 ▲ 0.69% BBAS3 20.40 ▲ 0.79% B3SA3 15.25 ▲ 0.86% WEGE3 44.37 ▼ 0.05% PRIO3 57.39 ▲ 0.33% SUZB3 41.51 ▲ 0.05% RENT3 40.42 ▲ 0.55% AZZA3 19.27 ▲ 0.26% CSAN3 3.89 ▼ 0.26% RAIZ4 0.34 ▲ 3.03% PCAR3 2.59 — 0.00% GMAT3 3.98 ▲ 1.02% PSSA3 54.20 ▲ 0.30% CVCB3 1.28 ▲ 2.40% POSI3 3.94 ▼ 1.25% SLCE3 13.93 ▲ 0.43% NATU3 8.54 ▼ 0.70% BRKM5 6.94 — 0.00% RANI3 7.96 ▲ 0.13% CSNA3 5.32 ▲ 1.53% CMIN3 5.42 ▼ 0.55% USIM5 8.41 ▲ 0.36% GGBR4 23.08 ▲ 1.14% ENEV3 26.97 ▲ 0.33% CPFE3 47.08 ▲ 0.51% CMIG4 11.13 ▲ 0.54% EQTL3 40.70 ▲ 1.22% LREN3 14.07 ▼ 0.57% VIVT3 34.92 ▲ 0.55% RAIL3 14.11 — 0.00% KLABIN 17.50 ▲ 0.11% RAIA DROGASIL 18.28 ▲ 0.44% RDOR3 35.74 ▲ 0.51% HAPV3 10.51 ▲ 0.48% FLRY3 16.32 ▲ 1.05% SMTO3 16.33 ▼ 0.24% UGPA3 30.93 ▲ 0.72% VBBR3 32.32 ▼ 1.34% BBSE3 40.38 ▲ 0.25% BPAC11 57.56 ▲ 0.07% CURY3 32.93 ▼ 0.57% AERI3 2.08 ▼ 0.48% VIVARA 23.01 ▼ 0.43% COMPASS 25.00 ▲ 0.93% VAMOS 3.04 ▲ 0.66% SANB11 27.51 ▲ 0.51% ASAI3 8.64 ▼ 0.80% SBSP3 30.50 ▲ 0.43% WALMEX 49.66 ▲ 0.69% GMEXICO 195.76 ▼ 1.74% FEMSA 225.36 ▲ 0.92% CEMEX 21.79 ▼ 0.32% GFNORTE 181.91 ▼ 2.51% BIMBO 55.97 ▼ 0.23% TELEVISA 9.58 ▼ 1.64% AMX 22.86 ▲ 0.70% GAP 407.66 ▼ 1.17% ASUR 278.66 ▼ 2.27% OMA 232.47 ▼ 1.70% KOF 181.68 ▲ 1.05% GRUMA 281.09 ▼ 0.87% KIMBER 38.22 ▲ 0.24% SQM-B 67,211 ▼ 0.80% COPEC 6,057 ▼ 1.33% BSANTANDER 78.20 — 0.00% FALABELLA 5,905 — 0.00% ENELAM 84.20 — 0.00% CENCOSUD 2,040 — 0.00% CMPC 1,078 — 0.00% BANCO CHILE 185.00 — 0.00% LATAM AIR 24.90 — 0.00% YPF 77,175 ▲ 3.73% GGAL 8,095 ▼ 2.88% PAMPA 5,225 ▲ 0.87% TXAR 661.50 ▼ 1.42% ALUAR 964.50 ▼ 1.13% TGS 9,580 ▼ 0.16% CEPU 2,324 ▼ 3.01% MIRGOR 17,050 ▼ 1.16% COME 44.85 ▼ 2.31% LOMA NEGRA 3,500 ▼ 2.30% BYMA 308.25 ▼ 1.83% TELECOM ARG 4,248 ▲ 0.06% ECOPETROL 15.88 ▲ 1.93% BANCOLOMBIA 80.42 ▼ 3.05% GRUPO AVAL 4.91 ▼ 3.16% CREDICORP 389.22 — 0.00% SOUTHERN COPPER 174.53 ▼ 0.74% BUENAVENTURA 29.82 — 0.00% MERCADOLIBRE 1,867 ▲ 0.81% NUBANK 13.67 ▼ 0.65% XP 16.37 ▼ 3.25% PAGSEGURO 9.28 ▲ 0.32% STONE 11.15 ▼ 0.54% GLOBANT 32.12 ▲ 7.21% TECNOGLASS 42.84 — 0.00% GAP AIRPORT 232.77 — 0.00% ASUR 278.66 ▼ 2.27% OMA AIRPORT 106.13 ▼ 1.77% AMX ADR 26.02 ▲ 0.04% FEMSA ADR 129.01 ▲ 1.06% CEMEX ADR 12.45 ▼ 0.24% PETROBRAS ADR 17.88 ▲ 3.23% VALE ADR 14.18 ▼ 1.94% ITAU ADR 8.47 ▼ 1.74% SANTANDER BR 5.34 ▼ 1.02% AMBEV ADR 3.06 ▼ 0.33% CSN 1.03 ▲ 1.49% GERDAU 4.49 ▼ 0.22% LATAM ADR 53.33 ▼ 5.53% BTC 63,890 ▲ 2.65% ETH 1,878 ▲ 5.91% SOL 77.35 ▲ 3.32% XRP 1.10 ▲ 3.48% BNB 578.93 ▲ 2.17% ADA 0.16 ▲ 4.24% DOGE 0.07 ▲ 2.89% AVAX 6.63 ▲ 2.88% LINK 8.29 ▲ 5.24% DOT 0.85 ▲ 2.09% LTC 44.68 ▲ 2.74% BCH 241.33 ▲ 2.16% TRX 0.33 ▲ 0.37% XLM 0.19 ▲ 2.84% HBAR 0.07 ▲ 1.21% NEAR 2.03 ▲ 5.65% ATOM 1.55 ▲ 1.17% AAVE 99.76 ▲ 5.72% SELIC 14.25% EMBRAER 82.13 ▼ 1.06% EMBRAER ADR 64.48 ▼ 2.32% JBS 11.80 ▼ 0.92% JBS BDR 60.23 ▼ 0.63% MBRF3 15.74 ▲ 0.13% MBRFY 3.05 — 0.00% INTER 5.65 ▼ 2.92% IBOV 176,391 ▲ 0.37% IPSA 10,928 ▲ 0.16% IPC MEX 65,973 ▼ 0.79% MERVAL 3,235,295 ▼ 1.37% COLCAP 2,307.67 — UNCH BVL PERÚ 56,917.82 ▼ 0.86% USD/BRL 5.07 ▼ 1.23% USD/MXN 17.42 ▼ 0.62% USD/CLP 924.09 ▼ 0.94% USD/COP 3,244 ▼ 0.59% USD/PEN 3.40 ▼ 0.21% USD/ARS 1,476 ▼ 0.47% USD/UYU 40.23 ▲ 0.99% USD/PYG 6,039 ▲ 1.12% USD/BOB 10.35 ▲ 6.04% USD/DOP 58.33 ▲ 0.42% USD/CRC 448.93 ▲ 1.31% USD/GTQ 7.62 ▲ 2.07% USD/HNL 26.73 ▲ 1.38% USD/NIO 36.62 ▲ 0.63% USD/VES 722.19 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.59 ▲ 0.64% USD/TTD 6.75 ▲ 1.19% EUR/BRL 5.81 ▼ 0.25% BRENT 86.50 ▲ 3.84% WTI 80.57 ▲ 3.11% IRON ORE 161.91 — — COPPER 6.38 ▲ 2.33% GOLD 4,083 ▲ 2.16% SILVER 59.45 ▲ 3.15% SOY 1,188 ▼ 1.16% CORN 457.50 ▲ 4.51% WHEAT 632.50 ▲ 0.88% COFFEE 336.10 ▼ 1.55% SUGAR 14.76 ▲ 0.07% ORANGE JUICE 138.50 ▼ 2.84% COTTON 81.07 ▲ 1.55% COCOA 5,694 ▼ 0.04% BEEF 230.83 ▼ 1.86% CATTLE 354.20 ▼ 0.11% LITHIUM 71.97 ▲ 2.46% PETR4 41.13 ▲ 1.16% VALE3 73.30 ▲ 0.62% ITUB4 43.82 ▲ 0.69% BBDC4 18.87 ▲ 0.53% ABEV3 15.94 ▲ 0.69% BBAS3 20.40 ▲ 0.79% B3SA3 15.25 ▲ 0.86% WEGE3 44.37 ▼ 0.05% PRIO3 57.39 ▲ 0.33% SUZB3 41.51 ▲ 0.05% RENT3 40.42 ▲ 0.55% AZZA3 19.27 ▲ 0.26% CSAN3 3.89 ▼ 0.26% RAIZ4 0.34 ▲ 3.03% PCAR3 2.59 — 0.00% GMAT3 3.98 ▲ 1.02% PSSA3 54.20 ▲ 0.30% CVCB3 1.28 ▲ 2.40% POSI3 3.94 ▼ 1.25% SLCE3 13.93 ▲ 0.43% NATU3 8.54 ▼ 0.70% BRKM5 6.94 — 0.00% RANI3 7.96 ▲ 0.13% CSNA3 5.32 ▲ 1.53% CMIN3 5.42 ▼ 0.55% USIM5 8.41 ▲ 0.36% GGBR4 23.08 ▲ 1.14% ENEV3 26.97 ▲ 0.33% CPFE3 47.08 ▲ 0.51% CMIG4 11.13 ▲ 0.54% EQTL3 40.70 ▲ 1.22% LREN3 14.07 ▼ 0.57% VIVT3 34.92 ▲ 0.55% RAIL3 14.11 — 0.00% KLABIN 17.50 ▲ 0.11% RAIA DROGASIL 18.28 ▲ 0.44% RDOR3 35.74 ▲ 0.51% HAPV3 10.51 ▲ 0.48% FLRY3 16.32 ▲ 1.05% SMTO3 16.33 ▼ 0.24% UGPA3 30.93 ▲ 0.72% VBBR3 32.32 ▼ 1.34% BBSE3 40.38 ▲ 0.25% BPAC11 57.56 ▲ 0.07% CURY3 32.93 ▼ 0.57% AERI3 2.08 ▼ 0.48% VIVARA 23.01 ▼ 0.43% COMPASS 25.00 ▲ 0.93% VAMOS 3.04 ▲ 0.66% SANB11 27.51 ▲ 0.51% ASAI3 8.64 ▼ 0.80% SBSP3 30.50 ▲ 0.43% WALMEX 49.66 ▲ 0.69% GMEXICO 195.76 ▼ 1.74% FEMSA 225.36 ▲ 0.92% CEMEX 21.79 ▼ 0.32% GFNORTE 181.91 ▼ 2.51% BIMBO 55.97 ▼ 0.23% TELEVISA 9.58 ▼ 1.64% AMX 22.86 ▲ 0.70% GAP 407.66 ▼ 1.17% ASUR 278.66 ▼ 2.27% OMA 232.47 ▼ 1.70% KOF 181.68 ▲ 1.05% GRUMA 281.09 ▼ 0.87% KIMBER 38.22 ▲ 0.24% SQM-B 67,211 ▼ 0.80% COPEC 6,057 ▼ 1.33% BSANTANDER 78.20 — 0.00% FALABELLA 5,905 — 0.00% ENELAM 84.20 — 0.00% CENCOSUD 2,040 — 0.00% CMPC 1,078 — 0.00% BANCO CHILE 185.00 — 0.00% LATAM AIR 24.90 — 0.00% YPF 77,175 ▲ 3.73% GGAL 8,095 ▼ 2.88% PAMPA 5,225 ▲ 0.87% TXAR 661.50 ▼ 1.42% ALUAR 964.50 ▼ 1.13% TGS 9,580 ▼ 0.16% CEPU 2,324 ▼ 3.01% MIRGOR 17,050 ▼ 1.16% COME 44.85 ▼ 2.31% LOMA NEGRA 3,500 ▼ 2.30% BYMA 308.25 ▼ 1.83% TELECOM ARG 4,248 ▲ 0.06% ECOPETROL 15.88 ▲ 1.93% BANCOLOMBIA 80.42 ▼ 3.05% GRUPO AVAL 4.91 ▼ 3.16% CREDICORP 389.22 — 0.00% SOUTHERN COPPER 174.53 ▼ 0.74% BUENAVENTURA 29.82 — 0.00% MERCADOLIBRE 1,867 ▲ 0.81% NUBANK 13.67 ▼ 0.65% XP 16.37 ▼ 3.25% PAGSEGURO 9.28 ▲ 0.32% STONE 11.15 ▼ 0.54% GLOBANT 32.12 ▲ 7.21% TECNOGLASS 42.84 — 0.00% GAP AIRPORT 232.77 — 0.00% ASUR 278.66 ▼ 2.27% OMA AIRPORT 106.13 ▼ 1.77% AMX ADR 26.02 ▲ 0.04% FEMSA ADR 129.01 ▲ 1.06% CEMEX ADR 12.45 ▼ 0.24% PETROBRAS ADR 17.88 ▲ 3.23% VALE ADR 14.18 ▼ 1.94% ITAU ADR 8.47 ▼ 1.74% SANTANDER BR 5.34 ▼ 1.02% AMBEV ADR 3.06 ▼ 0.33% CSN 1.03 ▲ 1.49% GERDAU 4.49 ▼ 0.22% LATAM ADR 53.33 ▼ 5.53% BTC 63,890 ▲ 2.65% ETH 1,878 ▲ 5.91% SOL 77.35 ▲ 3.32% XRP 1.10 ▲ 3.48% BNB 578.93 ▲ 2.17% ADA 0.16 ▲ 4.24% DOGE 0.07 ▲ 2.89% AVAX 6.63 ▲ 2.88% LINK 8.29 ▲ 5.24% DOT 0.85 ▲ 2.09% LTC 44.68 ▲ 2.74% BCH 241.33 ▲ 2.16% TRX 0.33 ▲ 0.37% XLM 0.19 ▲ 2.84% HBAR 0.07 ▲ 1.21% NEAR 2.03 ▲ 5.65% ATOM 1.55 ▲ 1.17% AAVE 99.76 ▲ 5.72% SELIC 14.25% EMBRAER 82.13 ▼ 1.06% EMBRAER ADR 64.48 ▼ 2.32% JBS 11.80 ▼ 0.92% JBS BDR 60.23 ▼ 0.63% MBRF3 15.74 ▲ 0.13% MBRFY 3.05 — 0.00% INTER 5.65 ▼ 2.92%
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Tuesday, July 14, 2026

Latin America Argentina

Cocaine Trade Turns Latin America’s Ports Into Global Weak Points

By · August 27, 2025 · 2 min read

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The World Customs Organization (WCO) warns in its 2025 report that cocaine now flows mainly through maritime containers, not couriers or small planes.

In 2024, customs worldwide intercepted 1,321 shipments hidden in cargo, equal to 635.2 metric tons. The WCO confirmed that in 2023–2024, insiders played a role in 68 percent of all container seizures.

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The problem is not the container itself but the people who work around it. Dockers, truckers, terminal staff, and even crews can be bribed or threatened. With real seal numbers and access, traffickers slip drugs into legitimate shipments.

Duplicate seals make altered containers appear untouched. Contamination can happen anywhere: inland depots, origin terminals, Panama’s transshipment hubs, or even mid-voyage.

The methods are simple but effective. Rip-on/rip-off schemes, where cocaine is placed inside legal goods and removed later, accounted for 767 cases totaling 378.4 tons.

Cocaine Trade Turns Latin America’s Ports Into Global Weak Points
Cocaine Trade Turns Latin America’s Ports Into Global Weak Points. (Photo Internet reproduction)
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Structural concealments, such as false walls and floors in reefers, totaled 752 cases with 66.4 tons. Drops at sea and hull attachments added 83.7 tons more. All thrive because routine checks rarely reveal them.

Bananas show how routine trade becomes cover. In 2023–2024, at least 564 banana shipments carried cocaine, totaling about 341 tons. The trade’s predictable refrigerated routes and tight schedules help traffickers plan with precision.

Drugs often ride alongside real fruit, sometimes reaching supermarkets when retrieval fails. Ecuador stands at the center. About 30 percent of all seized containerized cocaine, around 385 tons, loaded there in 2023–2024.

The WCO tied this to cartel violence that pushed Ecuador’s homicide rate to 44.5 per 100,000 in 2023. Panama, another hub, reported seizing more than 117 tons in 2024, mostly container cargo bound for Europe.

Europe remains the main destination, but routes are shifting. Antwerp registered around 44 tons in 2024, down from 116–121 the year before.

Dutch ports also fell, while France doubled to about 47 tons, showing traffickers spread loads to smaller ports rather than slowing exports.

The WCO says solutions must target both systems and people. Stronger seal tracking, targeted reefer inspections, and in-transit checks can expose common tricks.

But without fair pay, job rotation, and worker protection, corruption and coercion will persist. Latin America produces most of the world’s cocaine and ships most of its bananas.

Its ports move food, medicine, and raw materials, but the same efficiency now moves hundreds of tons of cocaine each year. The real story is that global trade’s weakest link is not technology or infrastructure, but the people inside it.

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