SMRs and AMRs

Saturday, April 28, 2007

Despite Drug War, Cocaine Purer, Cheaper

BOGOTA, Colombia(AP)

Cocaine prices in the United States have dropped and the drug's purity increased, despite years of effort and nearly $5 billion spent by the U.S. government to combat Colombia's drug industry, the White House drug czar acknowledged in a letter to a key senator.

The drug czar, John Walters, wrote Sen. Charles Grassley, R-Iowa, that retail cocaine prices fell by 11 percent from February 2005 to October 2006, to about $135 per gram of pure cocaine — hovering near the same levels since the early 1990s. In 1981, when the U.S. government began collecting data, a gram of pure cocaine fetched $600.

The purity of this cocaine, meanwhile, has “trended somewhat toward former levels,” as well, Walters said in the letter, citing data from the U.S. Drug Enforcement Administration.

Colombia supplies 90 percent of the cocaine consumed in the United States. Declining prices and rising purity could also suggest weakening demand, but several household and school-based surveys show that America's cocaine consumption has barely budged since 2000, and demand in Europe has increased.

Colombia's president, Alvaro Uribe, is set to meet with President Bush at the White House on Wednesday to discuss U.S. support for Plan Colombia, the anti-narcotics and counterinsurgency program that has cost American taxpayers more than $4 billion since 2000.

Walters' letter to Grassley, the Republican co-chair of the Senate Caucus on International Narcotics Control, was sent in January in response to a request from the senator. It was made available to The Associated Press by the Washington Office on Latin America, a liberal lobby group.

(Continued here.)

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