Dominican Republic drug prices ‘plunge’ after Police cocaine theft

Santo Domingo.- The theft and sale of 950 kilos of cocaine by Police Narcotics Div. (Dican) agents has had an immediate impact in the local drug world, spurring a plunge in prices.

The investigation has also uncovered a ring headed by another officer, who allegedly bought some of the cocaine stolen September 27 after it was seized in the Isabelita sector of Santo Domingo Este .

The authorities focus on that new criminal structure, with branches in the south region which days after the shakedown went to a farm in Guerra, Santo Domingo Este, to buy some of the drug at a price below its’ value at that time.

Prices

The tracking by authorities after the theft of the cocaine found that it cost around 520,000 pesos per kilo, but sold as low as 380,000 pesos in the ensuing weeks. "The drug’s local price is an informal indicator that a lot of drugs have entered the local market. When a large cargo enters, the price drops.”

After the Dican case broke a kilo of cocaine was selling for as low as 8,000 dollars per kilo, from 12,000 before than, "said a source close to the drug trafficking case, quoted by eldia.com.do.