this post was submitted on 07 Dec 2024
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Summary

The Dominican Republic seized a record 9.5 tonnes of cocaine, worth $250 million, in a banana shipment at Santo Domingo’s Caucedo port.

The drugs, shipped from Guatemala and destined for Belgium, mark the country’s largest drug bust, surpassing a 2006 seizure of 2.6 tonnes.

Authorities detained ten suspects and highlighted increasing trafficking activity through the Caribbean.

Analysts at InSight Crime warn the region is becoming a key smuggling route for cocaine to Europe, where demand has more than doubled since 2011, leveraging the Dominican Republic’s major transport hubs.

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[–] bangsnooter@lemmy.zip 20 points 9 months ago (4 children)

Apparent price of cocaine math:

9.5tons × 2,000lbs = 19,000lbs

$250mil ÷ 19,000lbs = $13,158 per lb

$13,158 ÷ 16 = $822 per oz

$822 ÷ 3 = $274 per teaspoon of cocaine

"How much could a banana cost? $274 dollars?"

[–] AwesomeLowlander@sh.itjust.works 19 points 9 months ago (1 children)

There's something horribly offensive about the way the units were converted in this example

[–] bangsnooter@lemmy.zip 7 points 9 months ago (1 children)
[–] AwesomeLowlander@sh.itjust.works 2 points 9 months ago

You're a bad person and you should feel ashamed. Especially given the current season. Repent or the ghosts of measurements past present and future will be paying you a visit soon.

[–] swampdownloader@lemmy.dbzer0.com 5 points 9 months ago

In units of actual drugs: 9,500kg $250m

$263/gram Street price in Australia, maybe, but extremely overestimated. Assuming they cut it, likely closer to $150/g in the street upon distribution in Europe.

[–] GreyEyedGhost@lemmy.ca 3 points 9 months ago* (last edited 9 months ago)

I don't know a lot about recreational drugs or street drugs, but aren't they made less pure at the final destination?

Edit: very cursory reading puts cocaine at around 65% pure, which means about $600 per ounce?

[–] nandeEbisu@lemmy.world 1 points 9 months ago

Remember kids, there's always money in the banana stand.