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Coca cultivation in Colombia appears to be at or near record levels, with US estimates for 2015 at 159,000 hectares and a 2016 figure possibly exceeding 180,000 hectares. Growth is concentrated in areas where government presence is limited, and armed groups set coca prices.
Coca is often more profitable and steadier than legal crops for farmers.
Coca's profitability relative to legal crops shapes land use in Colombia, but it has negligible direct impact on feed commodity markets.
wola.orgGimena Sánchez-Garzoli, Lucas de Souza MartinsMar 13, 2017Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
