The market in Colombia for coca, the plant whose leaves can be used to produce cocaine, is in a state of historic collapse, bringing with it an acute humanitarian crisis in already impoverished rural territories. The unusually sharp and prolonged drop in coca prices has several causes. WOLA has identified 12 possible explanations, some more compelling than others.
Regardless of the reason, the crisis is sure to be temporary as world cocaine demand remains robust. The Colombian government, and partner and donor governments including the United States, should take maximum advantage of this window of opportunity before it closes. The humanitarian crisis offers a chance for Colombia to fill vacuums of civilian government presence in territories where insecurity, armed groups, and now hunger are all too common.