IBOV 168,498.45 ▲ 1.39% IPC MEX 70,968.43 ▼ 0.17% MERVAL 2,848,945 — — USD/BRL5.50▼ 0.17% USD/MXN18.60▼ 0.84% USD/CLP975.74▼ 0.29% USD/COP3,240▲ 0.38% USD/PEN3.44▼ 0.15% USD/ARS 1,545 — 0.00% USD/UYU40.31▲ 3.48% USD/PYG6,358▲ 8.23% USD/BOB11.81▲ 0.40% USD/DOP60.56▲ 0.43% USD/CRC448.27▲ 1.89% USD/GTQ7.64▲ 3.24% USD/HNL26.88▲ 3.25% USD/NIO36.62▲ 2.77% USD/VES893.88▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.99▲ 2.90% USD/TTD6.72▲ 2.39% EUR/BRL6.13▲ 0.07% BRENT 97.76 ▼ 0.54% WTI 90.34 ▼ 0.20% IRON ORE 161.91 — — COPPER 6.26 ▲ 0.18% GOLD 4,080 ▼ 0.83% SILVER 51.97 ▼ 0.51% SOY 1,195 ▲ 1.14% CORN 442.25 ▲ 0.51% WHEAT 590.50 ▼ 1.46% COFFEE 280.15 ▲ 1.08% SUGAR 18.25 ▼ 1.67% ORANGE JUICE 138.95 ▲ 8.17% COTTON 78.54 ▼ 0.22% COCOA 5,239 ▲ 1.12% BEEF 214.18 ▼ 0.10% CATTLE 318.70 ▼ 1.95% LITHIUM 60.91 ▲ 1.21% PETR4 45.36 ▼ 1.28% VALE3 64.04 ▲ 2.19% ITUB4 40.53 ▲ 1.40% BBDC4 14.20 ▲ 3.12% ABEV3 15.48 — 0.00% BBAS3 17.13 ▲ 3.88% B3SA3 14.39 ▲ 0.21% WEGE3 48.19 ▼ 0.23% PRIO3 60.48 ▼ 1.72% SUZB3 53.40 ▲ 2.12% RENT3 30.29 ▲ 4.20% AZZA3 14.76 ▲ 4.98% CSAN3 2.77 ▲ 10.80% RAIZ4 27.30 ▼ 0.98% PCAR3 2.40 ▲ 0.42% GMAT3 3.80 ▲ 2.43% PSSA3 44.35 ▲ 1.46% CVCB3 0.84 ▲ 2.44% POSI3 3.09 ▼ 0.64% SLCE3 16.61 ▲ 1.59% NATU3 5.17 ▼ 3.36% BRKM5 3.20 ▲ 5.61% RANI3 8.53 ▲ 0.83% CSNA3 4.41 ▲ 8.89% IBOV 168,498.45 ▲ 1.39% IPC MEX 70,968.43 ▼ 0.17% MERVAL 2,848,945 — — USD/BRL 5.50 ▼ 0.17% USD/MXN 18.60 ▼ 0.84% USD/CLP 975.74 ▼ 0.29% USD/COP 3,240 ▲ 0.38% USD/PEN 3.44 ▼ 0.15% USD/ARS 1,545 — 0.00% USD/UYU 40.31 ▲ 3.48% USD/PYG 6,358 ▲ 8.23% USD/BOB 11.81 ▲ 0.40% USD/DOP 60.56 ▲ 0.43% USD/CRC 448.27 ▲ 1.89% USD/GTQ 7.64 ▲ 3.24% USD/HNL 26.88 ▲ 3.25% USD/NIO 36.62 ▲ 2.77% USD/VES 893.88 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.99 ▲ 2.90% USD/TTD 6.72 ▲ 2.39% EUR/BRL 6.13 ▲ 0.07% BRENT 97.76 ▼ 0.54% WTI 90.34 ▼ 0.20% IRON ORE 161.91 — — COPPER 6.26 ▲ 0.18% GOLD 4,080 ▼ 0.83% SILVER 51.97 ▼ 0.51% SOY 1,195 ▲ 1.14% CORN 442.25 ▲ 0.51% WHEAT 590.50 ▼ 1.46% COFFEE 280.15 ▲ 1.08% SUGAR 18.25 ▼ 1.67% ORANGE JUICE 138.95 ▲ 8.17% COTTON 78.54 ▼ 0.22% COCOA 5,239 ▲ 1.12% BEEF 214.18 ▼ 0.10% CATTLE 318.70 ▼ 1.95% LITHIUM 60.91 ▲ 1.21% PETR4 45.36 ▼ 1.28% VALE3 64.04 ▲ 2.19% ITUB4 40.53 ▲ 1.40% BBDC4 14.20 ▲ 3.12% ABEV3 15.48 — 0.00% BBAS3 17.13 ▲ 3.88% B3SA3 14.39 ▲ 0.21% WEGE3 48.19 ▼ 0.23% PRIO3 60.48 ▼ 1.72% SUZB3 53.40 ▲ 2.12% RENT3 30.29 ▲ 4.20% AZZA3 14.76 ▲ 4.98% CSAN3 2.77 ▲ 10.80% RAIZ4 27.30 ▼ 0.98% PCAR3 2.40 ▲ 0.42% GMAT3 3.80 ▲ 2.43% PSSA3 44.35 ▲ 1.46% CVCB3 0.84 ▲ 2.44% POSI3 3.09 ▼ 0.64% SLCE3 16.61 ▲ 1.59% NATU3 5.17 ▼ 3.36% BRKM5 3.20 ▲ 5.61% RANI3 8.53 ▲ 0.83% CSNA3 4.41 ▲ 8.89%
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Saturday, November 7, 2026

Latin America: From Cocaine Producer to Major Consumer

By · January 23, 2024 · 2 min read

Latin America, traditionally known for producing cocaine, is now a key consumer, accounting for nearly a quarter of global demand.

This shift in consumption is transforming how the region addresses drug issues. Previously, countries relied on military force against drug gangs.

Now, many are adopting less punitive approaches, treating drug use as a public health issue and focusing on reducing youth unemployment.

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Europe is becoming a significant market for cocaine, with large seizures in recent years. European criminals increasingly negotiate directly with Latin American suppliers.

This has led to purer cocaine being available in Europe compared to the United States. In the U.S., the drug often gets diluted as it passes through various hands in transit.

Latin America: From Cocaine Producer to Major Consumer.
Latin America: From Cocaine Producer to Major Consumer.
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Latin American countries face internal challenges affecting their drug strategies. Political instability in Peru and Bolivia has lowered the priority of anti-narcotic efforts.

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Colombia’s shifting political landscape under President Petro is also influencing its approach to drug trafficking.

Brazil’s role in the cocaine trade is growing. The First Capital Command (PCC) has expanded its operations to Africa and Europe.

It’s involved in various phases of the supply chain, including money laundering. The Brazilian criminal landscape is becoming more fragmented, with smaller groups specializing in logistics.

Globally, the expansion of the cocaine market into Africa and Asia is raising concerns about a potential increase in worldwide consumers.

New trafficking routes and methods are emerging, with Southeast Europe and Africa becoming key transit zones. This reflects the ever-changing nature of the global drug trade.

This article was produced by The Rio Times’ automated newsroom system. How we use AI · Report an error · Editorial responsibility: Matthias Camenzind, Editor-in-Chief

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