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Elephant, rhino poaching in Africa worth US$380m: CITES

AFRICA — The proceeds of elephant and rhino poaching in Africa is currently equivalent to as much as US$380 million (S$518.1 million), the United Nations Congress on International Trade in Endangered Species of Wild Fauna and Flora (CITES) said.

A local Maasai tribesman places his hand on the tusk of a tranquilized wild elephant during an anti-poaching elephant-collaring operation near Kajiado, in southern Kenya, Dec 3 2013. Photo: AP

A local Maasai tribesman places his hand on the tusk of a tranquilized wild elephant during an anti-poaching elephant-collaring operation near Kajiado, in southern Kenya, Dec 3 2013. Photo: AP

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AFRICA — The proceeds of elephant and rhino poaching in Africa is currently equivalent to as much as US$380 million (S$518.1 million), the United Nations Congress on International Trade in Endangered Species of Wild Fauna and Flora (CITES) said.

Poaching of elephants for ivory, which is reducing the population of the animals faster than they can reproduce, is worth US$165 million to US$188 million a year in Asia while the rhino-horn trade last year was worth between US$63 million and US$192 million, Cites figures show, the UN said in a statement today (March 3). BLOOMBERG

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