Mexico: Cotton and Products Annual

FAS Mexico forecasts for marketing year (MY) 2023/24 reductions in production, consumption, and trade due to low domestic and global demand for textiles and Government of Mexico (GOM) refusal to approve new genetically engineered (GE) seeds. Farmers continue to store and hold older GE seeds as global prices remain elevated. Consequently, recent crop harvests are much lower than in previous years. Post forecasts for MY 2023/24 production at 1.3 million 480-bales, a 14 percent reduction from the last MY due to limited access to innovative seed technology and higher input costs.

Original source can be found here.