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Thursday, February 14

Economist Drugs in the Andes: "As troubling as the figures is the fact that there are plenty of economic incentives for Peru's coca industry. The farm-gate price for coca leaves has risen to an all-time high of around $3.50 per kilo, against 40 cents at the low point in 1995. Coca is competitive against other crops at $1 per kilo. On the other hand, the price of coffee, the most obvious coca substitute for farmers on the tropical Andean slopes, has slumped to below the cost of production." Bush is going to have a lot to talk about when he visits Lima next month.

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