-
France plans social media ban for children under 15
-
Mbappe suffers knee sprain in blow for Real Madrid
-
Putin wishes Russians victory in Ukraine in New Year speech
-
Iran government building attacked as top prosecutor responds to protests
-
World begins to welcome 2026 after a year of Trump, truces and turmoil
-
Fofana reckons 'small details' restricting Chelsea's progress
-
Israel to ban 37 aid groups operating in Gaza
-
Filmmaker Panahi says Iran protests 'to move history forward'
-
Xi says China to hit 2025 growth target of 'around 5 percent'
-
Turkey steps up anti-IS raids, arresting 125 suspects
-
Arteta says Arsenal reaping rewards for 'sacrifices and commitment'
-
China says live-fire drills around Taiwan 'completed successfully'
-
Nancy adamant he's still the man for Celtic job after Motherwell defeat
-
Hoping for better year ahead, Gazans bid farewell to 'nightmare' of 2025
-
Queen Camilla recalls fighting back against train attacker
-
Stocks drop at end of record year for markets
-
Amorim still 'really confident' about Man Utd potential despite Wolves draw
-
Berlin says decision postponed on European fighter jet
-
Iran prosecutor pledges 'decisive' response if protests destabilise country
-
Emery defends failure to shake hands with Arteta after Villa loss to Arsenal
-
China says to impose extra 55% tariffs on some beef imports
-
Japanese women MPs want more seats, the porcelain kind
-
Guinea junta chief Doumbouya elected president: election commission
-
Pistons pound Lakers as James marks 41st birthday with loss
-
Taiwan coastguard says Chinese ships 'withdrawing' after drills
-
France's homeless wrap up to survive at freezing year's end
-
Leftist Mamdani to take over as New York mayor under Trump shadow
-
French duo stripped of Sydney-Hobart race overall win
-
Thailand releases 18 Cambodian soldiers held since July
-
Tiny tech, big AI power: what are 2-nanometre chips?
-
Libyans savour shared heritage at reopened national museum
-
Asia markets mixed in final day of 2025 trading
-
Global 'fragmentation' fuelling world's crises: UN refugee chief
-
Difficult dance: Cambodian tradition under threat
-
Regional temperature records broken across the world in 2025
-
'Sincaraz' set to dominate as 2026 tennis season kicks off
-
Bulgaria readies to adopt the euro, nearly 20 years after joining EU
-
Trump v 'Obamacare': US health costs set to soar for millions in 2026
-
Isiah Whitlock Jr., 'The Wire' actor, dies at 71
-
SoftBank lifts OpenAI stake to 11% with $41bln investment
-
Bangladesh mourns ex-PM Khaleda Zia with state funeral
-
TSMC says started mass production of 'most advanced' 2nm chips
-
Australian cricket great Damien Martyn 'in induced coma'
-
Guinea junta chief Doumboya elected president: election commission
-
NextSource Materials Announces Results of 2025 Annual Meeting of Shareholders
-
Moolec Science SA Announces the Implementation of a Share Consolidation of Its Ordinary Shares, Par Value U.S.$0.10 Per Share (the "Shares")
-
SMX Expands Industrial Rubber Traceability into Global Latex & Rubber Gloves Market, Advancing Its Circular Materials Platform
-
Ondas Secures $10 Million in New Autonomous Systems Orders as Global Demand for Multi-Domain Defense Solutions Accelerates
-
Modular Medical Receives 180-Day Extension to Regain Compliance with Nasdaq Minimum Bid Price Rule
-
The Alkaline Water Company Appoints Damu Winston to Board of Directors
| JRI | 0.11% | 13.595 | $ | |
| SCS | 0.12% | 16.14 | $ | |
| RIO | -0.46% | 80.154 | $ | |
| BCE | 0.88% | 23.78 | $ | |
| GSK | -0.42% | 49.096 | $ | |
| CMSC | -0.06% | 22.67 | $ | |
| BCC | -0.05% | 73.75 | $ | |
| CMSD | -0.22% | 23.08 | $ | |
| BTI | 0.19% | 56.66 | $ | |
| NGG | -0.37% | 77.48 | $ | |
| RBGPF | 0.42% | 81.05 | $ | |
| RYCEF | 0.83% | 15.58 | $ | |
| RELX | -0.7% | 40.825 | $ | |
| VOD | -0.15% | 13.21 | $ | |
| BP | -0.14% | 34.701 | $ | |
| AZN | -0.47% | 92.08 | $ |
Peru to buy illegal coca crops to battle drug trafficking
Peru's government has announced a plan to buy the nation's entire supply of illegal coca leaf -- the primary ingredient in cocaine -- for at least a year, as part of its battle against drug trafficking.
The South American country is one of the world's three largest producers of cocaine, alongside neighbors Colombia and Bolivia, according to the United Nations.
Peru currently produces an estimated 160,000 tons of coca leaf a year with 62,000 hectares of land dedicated to the crop.
But the vast majority of that, some 95 percent, is produced illegally and sold to drug-traffickers who turn it into about 400 tons of cocaine a year.
All legally grown coca must be sold to the state coca company ENACO but that amounts to only 2,500 tons a year.
Legal coca leaf producers are on a register that includes 95,000 growers. However, the government wants to create a new register for the other 400,000 unregistered producers.
"It is imperative, for at least a year, to buy coca leaf from existing registered producers and from those that will make up the newly created register," Cabinet Chief Anibal Torres said on Wednesday when presenting the initiative.
The plan would also see the demilitarization of Peru's main coca leaf growing valley, known by the acronym VRAEM.
Soldiers have been stationed in the south-central area since 2006, due to the continued presence of the Shining Path Maoist guerrilla movement, which is allied with drug trafficking groups.
Government opponents have criticized the new plan, saying it will increase drug trafficking.
"The message from the government is that it is legalizing coca leaf and it will buy illegal coca leaf. The message is grow coca, and that's very dangerous because we are talking about a primary material used in drug trafficking," former interior minister Ruben Vargas told AFP.
The coca leaf bought by ENACO is used to make sweets, herbal infusions, flour and for chewing like gum, which is an Andean tradition to help combat fatigue.
"By promoting the growing of coca leaf peasants will obviously have two markets: the state and drug traffickers," added Vargas.
"It will cause immeasurable damage not just to the environment but also the governability of the country."
Peru created the register of coca leaf producers in 1978 as part of a state policy to combat drug trafficking that also included the destruction of illegal crops.
Earlier this month, authorities began a weeks-long process of incinerating the 16.3 tons of illegal drugs already seized this year.
P.M.Smith--AMWN