Mohanlal Kapoor, a street vendor in north India, holds a card entitling him to subsidized food for his wife and four children. To get supplies, the Kapoors must battle an estimated 15 million families in their state toting similar pieces of paper that they’re not entitled to.
Record crops in Canada, the world’s top canola grower and second-largest wheat exporter, are overwhelming the country’s rail system, creating a shortage of grain cars and slowing shipments to foreign buyers.
Canadian wheat and canola grower Mike Bast spent five years building silos to store 100,000 bushels on his 2,000-acre farm in La Salle, Manitoba. It wasn’t enough. He’s already dumping grain into his neighbor’s bins.
Raw-sugar prices declined for the first time in three days on speculation that bumper crops in Brazil and India, the world’s biggest producers, will boost supplies next year. Coffee futures also dropped.
Inflation is slowing across sub- Saharan Africa’s leading economies as bumper crops and stronger currencies help curb prices, enabling South Africa, Nigeria, Kenya and Ghana to extend interest rate cuts into this year.
Coffee futures gained the most in eight months on speculation that dry weather will curb 2014 output in Brazil, the world’s largest producer. Cocoa also rose, while orange juice, sugar and cotton slid.