IBOV 177,284 ▼ 0.61% IPSA 10,421 ▼ 0.58% IPC MEX 67,977 ▼ 1.78% MERVAL 2,707,869 ▼ 1.44% COLCAP 2,118 ▼ 0.22% BVL PERÚ 19,767 ▲ 0.37% USD/BRL 5.07 ▲ 0.26% USD/MXN 17.33 ▼ 0.07% USD/CLP 908.88 ▲ 1.38% USD/COP 3,797 ▲ 0.14% USD/PEN 3.43 ▼ 0.16% USD/ARS 1,395 ▼ 0.04% USD/UYU 40.07 — 0.00% USD/PYG 6,066 — 0.00% USD/BOB 6.86 — 0.00% USD/DOP 59.15 — 0.00% USD/CRC 451.24 — 0.00% USD/GTQ 7.62 — 0.00% USD/HNL 26.61 — 0.00% USD/NIO 36.62 — 0.00% USD/VES 516.67 ▼ 0.13% USD/PAB 1.00 ▲ 2.16% USD/BZD 2.00 ▲ 1.59% USD/JMD 157.28 ▲ 0.43% USD/TTD 6.74 ▲ 1.22% EUR/BRL 5.89 ▲ 0.19% BRENT 109.26 ▲ 3.35% WTI 101.02 ▼ 0.15% IRON ORE 161.91 — — COPPER 6.30 ▼ 4.15% GOLD 4,562 ▼ 2.48% SILVER 77.55 ▼ 8.67% SOY 1,177 ▲ 0.21% CORN 455.75 ▲ 0.94% WHEAT 635.75 ▼ 1.74% COFFEE 260.10 ▼ 11.67% SUGAR 14.80 ▼ 1.27% ORANGE JUICE 164.45 ▼ 9.29% COTTON 80.33 ▼ 4.30% COCOA 4,085 ▼ 2.48% BEEF 247.93 ▼ 1.65% CATTLE 361.45 ▼ 1.67% LITHIUM 84.08 ▼ 3.30% PETR4 45.47 ▲ 1.04% VALE3 83.50 ▲ 0.76% ITUB4 39.70 ▼ 1.73% BBDC4 17.69 ▼ 0.84% ABEV3 15.69 ▼ 0.51% BBAS3 20.70 ▼ 0.29% B3SA3 16.70 ▼ 1.36% WEGE3 43.13 ▼ 1.35% PRIO3 68.80 ▲ 2.24% SUZB3 41.70 ▼ 2.16% RENT3 42.98 ▼ 2.18% AZZA3 19.05 ▲ 1.06% CSAN3 4.41 ▼ 5.16% RAIZ4 0.45 ▲ 2.27% PCAR3 2.26 ▼ 1.74% GMAT3 4.34 ▲ 1.17% PSSA3 47.92 ▼ 1.60% CVCB3 1.81 ▼ 4.23% POSI3 3.88 ▼ 2.27% SLCE3 17.19 ▼ 0.87% NATU3 9.94 ▲ 1.53% BRKM5 12.21 ▲ 0.49% RANI3 7.85 ▼ 0.25% CSNA3 6.42 ▼ 3.75% CMIN3 4.72 ▼ 1.05% USIM5 9.12 ▼ 7.79% GGBR4 23.34 ▼ 1.02% ENEV3 25.06 ▼ 3.43% NEOE3 33.80 — 0.00% CPFE3 44.52 ▼ 1.53% CMIG4 11.27 ▼ 0.09% EQTL3 38.59 ▼ 0.54% LREN3 13.55 ▼ 1.24% VIVT3 35.52 ▼ 0.20% RAIL3 14.97 ▼ 1.96% KLABIN 16.43 ▼ 2.55% RAIA DROGASIL 19.59 ▼ 0.25% RDOR3 34.84 ▲ 0.26% HAPV3 12.45 ▼ 6.11% FLRY3 15.60 ▼ 2.26% SMTO3 18.25 ▼ 0.82% UGPA3 29.13 ▼ 1.42% VBBR3 33.12 ▼ 0.81% BBSE3 34.12 ▼ 1.04% BPAC11 54.50 ▼ 1.61% CURY3 30.37 ▼ 0.75% AERI3 2.42 ▼ 0.41% VIVARA 22.94 ▼ 0.26% COMPASS 25.90 ▼ 1.89% VAMOS 3.41 ▼ 2.29% SANB11 26.92 ▼ 0.81% ASAI3 8.50 ▼ 1.05% SBSP3 29.03 ▼ 1.66% WALMEX 54.82 ▲ 0.53% GMEXICO 202.10 ▼ 4.45% FEMSA 210.39 ▼ 0.01% CEMEX 21.82 ▼ 3.71% GFNORTE 184.04 ▼ 0.98% BIMBO 59.19 ▲ 0.27% TELEVISA 9.94 ▲ 1.43% AMX 23.13 ▼ 1.11% GAP 413.32 ▼ 1.41% ASUR 296.14 ▼ 1.66% OMA 222.96 ▼ 0.70% KOF 180.84 ▼ 0.13% GRUMA 298.23 ▲ 0.12% KIMBER 38.28 ▼ 0.55% SQM-B 76,590 ▼ 2.06% COPEC 6,145 ▼ 0.08% BSANTANDER 68.99 ▼ 0.16% FALABELLA 5,500 ▲ 1.08% ENELAM 75.75 ▼ 0.89% CENCOSUD 2,060 ▼ 3.06% CMPC 1,055 ▼ 0.94% BANCO CHILE 163.70 ▲ 0.13% LATAM AIR 21.54 ▼ 2.53% YPF 65,000 ▼ 0.46% GGAL 6,060 ▼ 2.02% PAMPA 4,720 ▼ 0.26% TXAR 615.00 ▲ 0.49% ALUAR 940.50 ▼ 0.42% TGS 8,750 ▼ 0.62% CEPU 2,049 ▼ 3.17% MIRGOR 17,225 ▼ 3.23% COME 42.52 ▼ 1.51% LOMA NEGRA 3,105 ▼ 1.82% BYMA 272.25 ▼ 2.77% TELECOM ARG 3,505 ▼ 4.24% ECOPETROL 13.11 ▼ 0.87% BANCOLOMBIA 63.16 ▼ 1.83% GRUPO AVAL 4.01 ▼ 5.20% CREDICORP 316.31 ▼ 3.47% SOUTHERN COPPER 176.78 ▼ 6.22% BUENAVENTURA 34.29 ▼ 7.70% MERCADOLIBRE 1,547 ▼ 3.77% NUBANK 12.19 ▼ 5.72% XP 17.47 ▼ 0.74% PAGSEGURO 8.86 ▼ 1.66% STONE 9.61 ▼ 0.93% GLOBANT 38.87 ▲ 14.06% TECNOGLASS 38.61 ▼ 5.90% GAP AIRPORT 238.45 ▼ 2.15% ASUR 296.14 ▼ 1.66% OMA AIRPORT 102.84 ▼ 1.57% AMX ADR 26.59 ▼ 1.85% FEMSA ADR 121.38 ▼ 0.70% CEMEX ADR 12.56 ▼ 4.60% PETROBRAS ADR 19.93 ▲ 0.76% VALE ADR 16.32 ▼ 1.57% ITAU ADR 7.84 ▼ 3.21% SANTANDER BR 5.34 ▼ 2.11% AMBEV ADR 3.07 — 0.00% CSN 1.26 ▼ 6.67% GERDAU 4.61 ▼ 2.12% LATAM ADR 46.91 ▼ 4.79% BTC 77,946 ▼ 0.24% ETH 2,179 ▼ 0.02% SOL 86.16 ▼ 0.44% XRP 1.41 ▼ 0.26% BNB 651.07 ▼ 0.78% ADA 0.25 ▼ 0.49% DOGE 0.11 ▲ 0.51% AVAX 9.25 ▼ 0.44% LINK 9.67 ▼ 0.49% DOT 1.26 ▼ 0.25% LTC 55.77 ▼ 0.73% BCH 411.20 ▼ 1.09% TRX 0.36 ▲ 0.53% XLM 0.15 ▼ 0.91% HBAR 0.09 ▼ 0.58% NEAR 1.52 ▲ 1.41% ATOM 2.06 ▲ 0.65% AAVE 90.26 ▲ 0.21% SELIC 14.50% EMBRAER 71.25 ▼ 1.76% EMBRAER ADR 55.76 ▼ 5.04% JBS 13.48 ▼ 3.58% JBS BDR 68.50 ▼ 1.72% MBRF3 17.42 — 0.00% MBRFY 3.43 ▼ 2.83% INTER 5.85 ▼ 3.47% EGX 52,364 ▼ 1.97% USD/ZAR 16.68 ▲ 1.37% USD/NGN 1,367 ▼ 0.04% NIKKEI 61,409 ▼ 1.99% CSI300 4,860 ▼ 1.12% HSI 25,963 ▼ 1.62% NIFTY 23,644 ▼ 0.19% KOSPI 7,493 ▼ 6.12% JCI 6,723 ▼ 1.98% USD/JPY 158.73 ▲ 0.24% USD/CNY 6.8087 ▲ 0.36% DAX 23,951 ▼ 2.07% CAC 7,953 ▼ 1.60% FTSE 10,195 ▼ 1.71% MIB 49,116 ▼ 1.87% IBEX 17,623 ▼ 1.05% STOXX 606.92 ▼ 1.48% EUR/USD 1.1631 ▼ 0.34% GBP/USD 1.3326 ▼ 0.57% SPX 7,409 ▼ 1.24% DJI 49,526 ▼ 1.07% NDX 29,125 ▼ 1.54% RUT 2,793 ▼ 2.44% TSX 33,833 ▼ 1.27% VIX 18.43 ▲ 6.78% USD/CAD 1.3749 ▲ 0.24% US10Y 4.5950 ▲ 3.00% IBOV 177,284 ▼ 0.61% IPSA 10,421 ▼ 0.58% IPC MEX 67,977 ▼ 1.78% MERVAL 2,707,869 ▼ 1.44% COLCAP 2,118 ▼ 0.22% BVL PERÚ 19,767 ▲ 0.37% USD/BRL 5.07 ▲ 0.26% USD/MXN 17.33 ▼ 0.07% USD/CLP 908.88 ▲ 1.38% USD/COP 3,797 ▲ 0.14% USD/PEN 3.43 ▼ 0.16% USD/ARS 1,395 ▼ 0.04% USD/UYU 40.07 — 0.00% USD/PYG 6,066 — 0.00% USD/BOB 6.86 — 0.00% USD/DOP 59.15 — 0.00% USD/CRC 451.24 — 0.00% USD/GTQ 7.62 — 0.00% USD/HNL 26.61 — 0.00% USD/NIO 36.62 — 0.00% USD/VES 516.67 ▼ 0.13% USD/PAB 1.00 ▲ 2.16% USD/BZD 2.00 ▲ 1.59% USD/JMD 157.28 ▲ 0.43% USD/TTD 6.74 ▲ 1.22% EUR/BRL 5.89 ▲ 0.19% BRENT 109.26 ▲ 3.35% WTI 101.02 ▼ 0.15% IRON ORE 161.91 — — COPPER 6.30 ▼ 4.15% GOLD 4,562 ▼ 2.48% SILVER 77.55 ▼ 8.67% SOY 1,177 ▲ 0.21% CORN 455.75 ▲ 0.94% WHEAT 635.75 ▼ 1.74% COFFEE 260.10 ▼ 11.67% SUGAR 14.80 ▼ 1.27% ORANGE JUICE 164.45 ▼ 9.29% COTTON 80.33 ▼ 4.30% COCOA 4,085 ▼ 2.48% BEEF 247.93 ▼ 1.65% CATTLE 361.45 ▼ 1.67% LITHIUM 84.08 ▼ 3.30% PETR4 45.47 ▲ 1.04% VALE3 83.50 ▲ 0.76% ITUB4 39.70 ▼ 1.73% BBDC4 17.69 ▼ 0.84% ABEV3 15.69 ▼ 0.51% BBAS3 20.70 ▼ 0.29% B3SA3 16.70 ▼ 1.36% WEGE3 43.13 ▼ 1.35% PRIO3 68.80 ▲ 2.24% SUZB3 41.70 ▼ 2.16% RENT3 42.98 ▼ 2.18% AZZA3 19.05 ▲ 1.06% CSAN3 4.41 ▼ 5.16% RAIZ4 0.45 ▲ 2.27% PCAR3 2.26 ▼ 1.74% GMAT3 4.34 ▲ 1.17% PSSA3 47.92 ▼ 1.60% CVCB3 1.81 ▼ 4.23% POSI3 3.88 ▼ 2.27% SLCE3 17.19 ▼ 0.87% NATU3 9.94 ▲ 1.53% BRKM5 12.21 ▲ 0.49% RANI3 7.85 ▼ 0.25% CSNA3 6.42 ▼ 3.75% CMIN3 4.72 ▼ 1.05% USIM5 9.12 ▼ 7.79% GGBR4 23.34 ▼ 1.02% ENEV3 25.06 ▼ 3.43% NEOE3 33.80 — 0.00% CPFE3 44.52 ▼ 1.53% CMIG4 11.27 ▼ 0.09% EQTL3 38.59 ▼ 0.54% LREN3 13.55 ▼ 1.24% VIVT3 35.52 ▼ 0.20% RAIL3 14.97 ▼ 1.96% KLABIN 16.43 ▼ 2.55% RAIA DROGASIL 19.59 ▼ 0.25% RDOR3 34.84 ▲ 0.26% HAPV3 12.45 ▼ 6.11% FLRY3 15.60 ▼ 2.26% SMTO3 18.25 ▼ 0.82% UGPA3 29.13 ▼ 1.42% VBBR3 33.12 ▼ 0.81% BBSE3 34.12 ▼ 1.04% BPAC11 54.50 ▼ 1.61% CURY3 30.37 ▼ 0.75% AERI3 2.42 ▼ 0.41% VIVARA 22.94 ▼ 0.26% COMPASS 25.90 ▼ 1.89% VAMOS 3.41 ▼ 2.29% SANB11 26.92 ▼ 0.81% ASAI3 8.50 ▼ 1.05% SBSP3 29.03 ▼ 1.66% WALMEX 54.82 ▲ 0.53% GMEXICO 202.10 ▼ 4.45% FEMSA 210.39 ▼ 0.01% CEMEX 21.82 ▼ 3.71% GFNORTE 184.04 ▼ 0.98% BIMBO 59.19 ▲ 0.27% TELEVISA 9.94 ▲ 1.43% AMX 23.13 ▼ 1.11% GAP 413.32 ▼ 1.41% ASUR 296.14 ▼ 1.66% OMA 222.96 ▼ 0.70% KOF 180.84 ▼ 0.13% GRUMA 298.23 ▲ 0.12% KIMBER 38.28 ▼ 0.55% SQM-B 76,590 ▼ 2.06% COPEC 6,145 ▼ 0.08% BSANTANDER 68.99 ▼ 0.16% FALABELLA 5,500 ▲ 1.08% ENELAM 75.75 ▼ 0.89% CENCOSUD 2,060 ▼ 3.06% CMPC 1,055 ▼ 0.94% BANCO CHILE 163.70 ▲ 0.13% LATAM AIR 21.54 ▼ 2.53% YPF 65,000 ▼ 0.46% GGAL 6,060 ▼ 2.02% PAMPA 4,720 ▼ 0.26% TXAR 615.00 ▲ 0.49% ALUAR 940.50 ▼ 0.42% TGS 8,750 ▼ 0.62% CEPU 2,049 ▼ 3.17% MIRGOR 17,225 ▼ 3.23% COME 42.52 ▼ 1.51% LOMA NEGRA 3,105 ▼ 1.82% BYMA 272.25 ▼ 2.77% TELECOM ARG 3,505 ▼ 4.24% ECOPETROL 13.11 ▼ 0.87% BANCOLOMBIA 63.16 ▼ 1.83% GRUPO AVAL 4.01 ▼ 5.20% CREDICORP 316.31 ▼ 3.47% SOUTHERN COPPER 176.78 ▼ 6.22% BUENAVENTURA 34.29 ▼ 7.70% MERCADOLIBRE 1,547 ▼ 3.77% NUBANK 12.19 ▼ 5.72% XP 17.47 ▼ 0.74% PAGSEGURO 8.86 ▼ 1.66% STONE 9.61 ▼ 0.93% GLOBANT 38.87 ▲ 14.06% TECNOGLASS 38.61 ▼ 5.90% GAP AIRPORT 238.45 ▼ 2.15% ASUR 296.14 ▼ 1.66% OMA AIRPORT 102.84 ▼ 1.57% AMX ADR 26.59 ▼ 1.85% FEMSA ADR 121.38 ▼ 0.70% CEMEX ADR 12.56 ▼ 4.60% PETROBRAS ADR 19.93 ▲ 0.76% VALE ADR 16.32 ▼ 1.57% ITAU ADR 7.84 ▼ 3.21% SANTANDER BR 5.34 ▼ 2.11% AMBEV ADR 3.07 — 0.00% CSN 1.26 ▼ 6.67% GERDAU 4.61 ▼ 2.12% LATAM ADR 46.91 ▼ 4.79% BTC 77,946 ▼ 0.24% ETH 2,179 ▼ 0.02% SOL 86.16 ▼ 0.44% XRP 1.41 ▼ 0.26% BNB 651.07 ▼ 0.78% ADA 0.25 ▼ 0.49% DOGE 0.11 ▲ 0.51% AVAX 9.25 ▼ 0.44% LINK 9.67 ▼ 0.49% DOT 1.26 ▼ 0.25% LTC 55.77 ▼ 0.73% BCH 411.20 ▼ 1.09% TRX 0.36 ▲ 0.53% XLM 0.15 ▼ 0.91% HBAR 0.09 ▼ 0.58% NEAR 1.52 ▲ 1.41% ATOM 2.06 ▲ 0.65% AAVE 90.26 ▲ 0.21% SELIC 14.50% EMBRAER 71.25 ▼ 1.76% EMBRAER ADR 55.76 ▼ 5.04% JBS 13.48 ▼ 3.58% JBS BDR 68.50 ▼ 1.72% MBRF3 17.42 — 0.00% MBRFY 3.43 ▼ 2.83% INTER 5.85 ▼ 3.47% EGX 52,364 ▼ 1.97% USD/ZAR 16.68 ▲ 1.37% USD/NGN 1,367 ▼ 0.04% NIKKEI 61,409 ▼ 1.99% CSI300 4,860 ▼ 1.12% HSI 25,963 ▼ 1.62% NIFTY 23,644 ▼ 0.19% KOSPI 7,493 ▼ 6.12% JCI 6,723 ▼ 1.98% USD/JPY 158.73 ▲ 0.24% USD/CNY 6.8087 ▲ 0.36% DAX 23,951 ▼ 2.07% CAC 7,953 ▼ 1.60% FTSE 10,195 ▼ 1.71% MIB 49,116 ▼ 1.87% IBEX 17,623 ▼ 1.05% STOXX 606.92 ▼ 1.48% EUR/USD 1.1631 ▼ 0.34% GBP/USD 1.3326 ▼ 0.57% SPX 7,409 ▼ 1.24% DJI 49,526 ▼ 1.07% NDX 29,125 ▼ 1.54% RUT 2,793 ▼ 2.44% TSX 33,833 ▼ 1.27% VIX 18.43 ▲ 6.78% USD/CAD 1.3749 ▲ 0.24% US10Y 4.5950 ▲ 3.00%
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Regional Latin America

“Colombia produces more cocaine now than in Pablo Escobar’s time” – Financial Times

By · February 23, 2021 · 3 min read

RIO DE JANEIRO, BRAZIL – On February 22nd, a special Financial Times report disclosed figures on the increase in the number of hectares of coca leaf planted in Colombia and its production.

The investigation states that the work of manual crop eradicators was in vain, as they are the “first to lose the war” because “once they have cleared a field, coca growers come back and plant again.”

A farmer shows cocaine base paste, made from coca leaves in Colombia’s Guaviare department. (Photo internet reproduction)

The journalistic investigation disclosed that during the government of Iván Duque, 20 eradicators have been killed and 200 have been injured or mutilated by landmines.

“Coca production has skyrocketed,” states the newspaper and quotes a UN report that claims it grew by over 250% in 2012 and 2017.

Despite the fight against this scourge, the newspaper reports that Colombia is currently the “world’s largest producer of coca leaf and cocaine,” and even compares the current scenario to the peak decade of the Medellin Cartel.

United Nations figures show that Colombia produces 70% of the world’s drug supply, but for countries such as the United States, the country accounts for 89% of cocaine production.

The report shows that since the death of Pablo Escobar, until 2000 – the year in which Plan Colombia was consolidated with the United States – production has dramatically increased.

Thirteen years after the beginning of the millennium, coca production continued to increase, with a slight decrease in 2019, according to the United Nations Office on Drugs and Crime (UNODC).

On the use of glyphosate, the newspaper refers to the debate between those who promote it and those who claim that it causes serious diseases such as cancer.

According to the report, glyphosate spraying brings back horrifying reminders to farmers in rural Colombia, as many planes passed over the fields spraying not only coca, but also legal crops such as corn, cocoa, bananas and even animals such as cows.

Pedro Nel Segura, owner of a farm in the province of Nariño, spoke to the newspaper and said that his land was sprayed at least “seven times”.

“I lost 12 head of cattle, killed by the pesticide, and I had to sell the rest because there was no pasture. I lost everything I had invested (…) Any pilot should have been able to see that I was not growing coca. My cows are white, you can easily see them from the air and they were grazing in an open field with no crops.”

This eradication method, the investigation recalls, caused the displacement of thousands of farmers from different parts of Colombia. Leider Valencia, organizer of COCCAM, a group representing more than 30,000 families in Colombia who make their living from growing illegal crops, told the business daily that “many farmers were forced to abandon their land altogether and move elsewhere.”

Despite the fact that on February 17th, Defense Minister Diego Molano stated that the national government will resume the use of aerial spraying with glyphosate in April to continue fighting illegal coca crops, many politicians do not agree with the plan.

Juan Manuel Santos, Colombia’s ex-president and Nobel Peace Prize winner, was quoted in the report as saying that the only way to tackle cocaine is to decriminalize it.

“It was as if I was on a stationary bicycle, pedaling, pedaling, and pedaling. I looked to the left and I looked to the right and I was still in the same place,” said the ex-president in a conference addressing the failure of the prohibition policy in the United States.

Santos, recalls the newspaper, assured that the solution is to legalize the cocaine trade so that its profits would go to the State and not to drug traffickers.

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