Mexico's cotton production & exports to rise in MY 2021-22: TexPro

26 May '21

2 min read

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The Mexican cotton industry may recover at a faster pace in the coming months as cotton production as well as exports are expected to move up substantially in the upcoming season. The production for marketing year (MY) 2021-22 is expected to be 1.25 million 480 lb bales, while exports in the same year are likely to be 0.40 million 480 lb bales.

The production is expected to increase as the global cotton prices are on a rise and producers choose to plant cotton over other water-reliant crops due to the drought conditions in the country.

The cotton production in Mexico was 1.66 million 480 lb bales in MY 2019-20. It dropped to 1.02 million 480 lb bales in MY 2020-21, decreasing by 38.53 per cent over the previous season due to the COVID-19 pandemic. The production is expected to move up to 1.25 million 480 lb bales in MY 2021-22, increasing by 22.82 per cent over the production in MY 2020-21, according to Fibre2Fashion's market analysis tool TexPro.

The Mexican cotton exports were 0.66 million 480 lb bales in MY 2019-20. It showed a decline of 45.45 per cent in MY 2020-21, reducing to 0.36 million 480 lb bales from the previous season, due to the pandemic. It is expected to increase by 11.11 per cent to reach 0.40 million 480 lb bales in MY 2021-22, over the exports in MY 2020-21.

The fibre quality may fluctuate as Mexican producers continue to face several challenges including seed, water and input availability. Mexican suppliers usually export fibres of poor quality to Asia, as the domestic industry prefers high quality fibres. The domestic demand is fulfilled by quality domestic production and imports from the US. The country’s export levels depend heavily on the quality of cotton.

Fibre2Fashion News Desk (KD)

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