Raw Sugar Dips Below 18¢ as London Gives Back Gains (11 November 2026)
March raw sugar fell 0.12 cent, or 0.66%, to 18.09 cents/lb. It broke Friday’s 18.13 low and traded down to 17.92, the March contract’s lowest since 18 August, before recovering to a last trade of 18.15. The 18.09 settlement stayed above 18.00 and finished below Friday’s low. May fell 0.11 cent to 17.55 and July lost 0.10 cent to 17.22. The first ten listed maturities settled lower.
December white sugar fell $4.50, or 0.88%, to $505.10/tonne, giving back about 61% of Monday’s $7.40 gain. It traded between $502.40 and $511.00 and last changed hands at $505.90. March dropped $4.90 to $512.40 and May lost $4.20 to $514.10. Both settled below Friday’s $515.80 level, while December held above its Friday settlement of $502.20.
The weaker Brazilian real improved the incentive for exporters to price dollar sales, while dealers reported that physical demand remained subdued despite lower futures. March raws had already traded below 18.00 before the noon New York release of the tighter U.S. sugar balance. New York’s heavier turnover and the declines in March and May whites show the weakness extended beyond the expiring London contract.
