Grain stocks set to be highest since 2003

The world’s granaries are on track to hold the most plentiful cereal stockpiles in a dozen years, bringing relief after an era of extreme price swings in food commodities.
Buffer stocks of wheat, feed grains and rice will rise to 24.7 per cent of annual consumption next year, the UN Food and Agriculture Organisation said in estimates released Thursday. That would be the highest since 2003 and up more than 6 percentage points from lows during the food crisis in 2007-08, when soaring prices triggered riots in more than 30 countries.