European Drug Gangs' Unconventional Strategy
Wholesale prices of cocaine have drastically dropped across much of Europe, prompting drug smugglers to adopt an unusual tactic: burying cocaine instead of selling it.
In December, Spanish authorities made a significant discovery in the town of Coria del Río, near Seville. Two speed boats carrying large packages were tracked up the Guadalquivir River, leading to a farm with armed guards.
A search of the farm uncovered two buried shipping containers, which held seven metric tons of cocaine, valued at approximately 420 million euros.
One of the cocaine bricks featured a distinctive marking: a devil emoji playing the guitar.
No comment from authorities on the reason behind burying the cocaine.
OCCRP sheds light on the factors influencing Europe's cocaine supply in 2025, including the impact of low wholesale prices on drug smugglers' strategies.
Author's summary: European drug gangs are burying cocaine due to low wholesale prices.
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