The world's farmers produced more grain in 2011 than ever before. Estimates from the U.S. Department of Agriculture show the global grain harvest coming in at 2,295 million tons, up 53 million tons from the previous record in 2009. Consumption grew by 90 million tons over the same period to 2,280 million tons. Yet with global grain production actually falling short of consumption in 7 of the past 12 years, stocks remain worryingly low, leaving the world vulnerable to food price shocks.
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