Search Site

Trends banner

Kimberly-Clark to buy Kenvue

The deal is valued at $48.7 billion.

BYD Q3 profit down 33%

This was a 33% year-on-year decrease.

Alphabet posts first $100 bn quarter

The growth was powered by cloud division buoyed by AI

Nvidia to take stake in Nokia

Nvidia share price soars 20%.

Nestle to cut 16,000 jobs

The company's shares shoot up 8%.

Argentina seizes 1.6 tons of cocaine headed for Dubai

The report says that Russia's war in Ukraine has had an impact on drug trafficking routes. (AFP)
  • The seizure took place overnight from Thursday to Friday in the central city of Rosario in Argentina
  • The cocaine "is worth approximately $60 million," said the head of the dangerous drugs department in the federal police.

Argentine authorities seized 1.6 tons of cocaine hidden in animal feed destined for Dubai and detained 12 people, police said on Friday.

The seizure, which took place overnight from Thursday to Friday in the central city of Rosario, highlights the role played by Argentine ports in trafficking South American drugs internationally.

The cocaine “is worth approximately $60 million,” said Mariano Giuffra, head of the dangerous drugs department in the federal police.

The arrests took place at various sites around the country.

“They are all Argentines and some of them are known drug traffickers,” added Giuffra.

Several firearms, sports cars and a large amount of cash were also seized.

Rosario, located 310 kilometers (190 miles) from Buenos Aires, is Argentina’s third-largest city and the main port for agricultural exports to the Atlantic.

It is also the most violent city in Argentina, with a murder rate three times the national average.

The cocaine had been hidden in bags of corn fodder that was about to be loaded onto a container destined for Dubai.

Police said the cocaine probably originated in Colombia, the world’s largest producer of the drug.

While most cocaine is produced by Colombia, Peru and Bolivia – where growing coca leaf, which is the main ingredient in the white powder, is legal – experts say Argentina has increasingly taken on an important role in trafficking the drug.

Argentina has several major ports, has a large supply of quality chemicals needed to turn coca leaf into cocaine and provides ample opportunities for money laundering.