Americas · MX · North Mexico mill
Mexico
A base-grade ICE bale in Mexico is $406.56 — -2.9% versus the US nearby.
Bale
$406.56
217.7 kg net
Cents per pound
84.7 ¢
SLM 1-1/16″ equivalent
vs ICE
-2.9%
Rank 29 of 41
Bales per $1,000
2.46
US buys 2.39
Local quote
- Currency
- MXN · peso
- FX / USD
- 18.650 MXN
- Per kilogram
- 34.83 MXN
- Per bale
- 7,582 MXN
- Implied PPP
- 18.107 MXN / USD
- Market FX
- 18.650 MXN / USD
The implied PPP rate is cheaper than the market rate — peso looks undervalued on a cotton basket.
The physical
- Role
- Producer and mill
- Production
- 900K bales
- Mill use
- 1.6M bales
- Source
- North Mexico mill
- Tier
- usda
Quote is an SLM 1-1/16″ equivalent at the mill or gin, converted at survey FX against ICE Dec 2026 at 87.24 ¢/lb.