European Drug Gangs Burying Cocaine Due to Low Wholesale Prices
Wholesale prices for cocaine have dropped significantly across Europe, forcing drug smugglers to manipulate the market.
In December, authorities in southwest Spain discovered two shipping containers buried underground, containing seven metric tons of cocaine worth an estimated 420 million euros.
- Cocaine was found on a farm protected by armed guards in Coria del Río, near Seville.
- The cocaine bricks included one with a devil emoji playing the guitar.
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OCCRP explains the factors affecting Europe's cocaine supply in 2025, including the impact of low wholesale prices on drug smugglers.
Author's summary: European drug gangs are burying cocaine due to low prices.
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