Cocaine production is at its highest level on record, UN says
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A customs officer takes a sample from part of the cocaine seized for the largest single seizure of cocaine in Bavaria to date, which is examined using a test tube. Picture Alliance | Getty Images Cocaine production is at its highest level on record, with demand rebounding post-pandemic and new trafficking hubs emerging, a report from the United Nations Office on Drugs and Crime found. The U.N.'s Global Report on Cocaine 2023 says new hubs for trafficking in the multibillion dollar industry have emerged in West and Central Africa in the last two years. New improvements and innovations in cultivation of the coca bush and conversion from coca plant to cocaine have also helped production boom — rising by 35% between 2021 and 2022 to record levels. related investing news "The Covid-19 pandemic had a disruptive effect on drug markets. With international travel severely curtailed, producers struggled to get their product to market. Night clubs and bars were shut as offici...
