Sounds unlikely to be honest

Possibly even out by an order of magnitude:

Nearly three tonnes of heroin with a street value of $2.7bn (£2bn) from Afghanistan have been seized from a western Indian port in a major bust, officials said.

That’s $900 per gramme at street value.

The UN (OK, old figures but what the hell) has street value in UK at $90 per gramme or so. At least as far as I know the UN is already compensating for cutting, purity etc.

Journalists and numbers, eh?

5 thoughts on “Sounds unlikely to be honest”

  1. Just had a look at your UN reference material. Latest prices are for 2016, 5 years ago. Some drug prices I can’t help being aware of, their use is so ubiquitous here. Same would be true of London. Sort of retail they’re quoting one might just possibly pay for very small quantities bought in a fashionable disco frequented by the gullible loaded. (An indication of where UN researchers do their factfinding?) Otherwise, they’re between 25-50% over the top.

  2. Now here’s a thought. Drug prices (retail) are probably lower now that they were 5 years ago.* Possibly as a result of the “War on Drugs” & increases in interdiction at the import end of the supply chain. Shippers upped the amount being shipped to cover what they were losing.. But the price then gets depressed by the amount of interdicted drugs finding its way back onto the market. Think I’m kidding? A while back our police were proudly showing off the 15 tons of cannabis they’d captured in one of their drug interdiction operations. Couple of weeks later that same 15 tons had magically gone missing from the industrial estate storage unit they’d been keeping it in. Wonder how that happened, then? You think it doesn’t happen in the UK?
    So try looking at that newspaper story a different way. Some officials may be on to a good earner there. But not nearly as good as being suggested.

    *Ignoring the Covid lockdown period when the suppliers could variously not give the stuff away/it was unobtainable. One logically following the other as money was in short supply.

  3. I don’t think much of the drug dealers business acumen. It seems crazy to have so much all in one place. Don’t put all your ecstasy in on basket, as it were…

  4. BiS
    And of course being UK civil servants, they aren’t the brightest and probably tried to dump the lot on the wholesale market, depressing the price.

  5. Bloke in North Korea (Germany province)

    I keep reminding you: the SI unit for “out by an order of magnitude” is now, officially, the “Ferguson”.

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