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6/22/10

Peru Big Man Number One!


¡VIVA INVESTMENT GRADE!


Thanks to a headsup from reader JR, we're pleased to report that Peru is now the tops in one of the world's most popular South American products. Here's AFP on the story:

Peru is top coca producer: UN

BOGOTA (Colombia) - PERU has displaced Colombia to became the world's leading producer of coca leaf, the source plant for cocaine, a UN report said on Tuesday.

Fully 45.4 per cent of coca in the world comes from Peru, while 39.3 per cent is grown in Colombia and 15.3 per cent in Bolivia, according to a report by the United Nations Office on Drugs and Crime (UNODC).

'Peru has surpassed Colombia as the world's leading coca leaf producer,' Aldo Lale, the UNODC representative in Bogota, said at a press conference.

Peru produced 119,000 metric tonnes of coca leaf in 2009, while Colombia produced 103,000 tonnes during the same period, Mr Lale said. -- AFP