摘要
for global ending stocks increased （＋1.4 million bales, from 88.7 to 90.1 million）. With the forecast for Chinese ending stocks unchanged, all of this additional supply is expected to accumulate outside of China. Stocks outside of China are now expected to rise 9.2 million in the coming crop year, representing a 22% increase （from 41.6 in 2016/17 to 50.7 million in 2017/18）.
