What lies behind the new boom in Colombian cocaine
Financial Times 2026-06-17 04:00:24
Context: In Colombia, a new surge in cocaine production has emerged, driven by the shift from left-wing rebels to gangsters controlling the lucrative trade. This resurgence has led to a significant increase in cocaine sales to Europe and Asia. The situation has unfolded in the aftermath of the rebels' decline.
Key Facts
- The decline of left-wing rebels in Colombia has created a power vacuum that has been filled by gangsters who have capitalized on the lucrative cocaine trade, significantly increasing production and sales.
- The cocaine produced in Colombia is now being sold in large quantities to countries in Europe and Asia, fueling a growing demand for the illicit substance.
- The new players dominating the cocaine trade in Colombia are largely made up of gangsters who have taken advantage of the power vacuum created by the decline of the left-wing rebels.
- The resurgence of cocaine production and trade in Colombia has significant implications for global efforts to combat narcotics trafficking and organized crime.
- Prior to the current boom, Colombia had made significant strides in reducing cocaine production and trafficking, which had been largely driven by the left-wing rebels, but the current trend threatens to undermine these gains.