Sugar Slumps as Brazil’s Real Falls Sharply (26 October 2026)
Sugar’s modest Friday recovery gave way to a sharp decline on Monday as Brazilian markets repriced after the presidential election. March raw sugar fell 5.63% to 19.10 cents/lb, breaking below 20 cents and trading entirely beneath Friday’s range. December white sugar lost 3.63% to $515.40/tonne.
| Contract | Settlement | Daily change | Session range |
|---|---|---|---|
| Raw sugar March 2027 | 19.10¢/lb | −1.14¢ / −5.63% | 18.85–19.89¢ |
| White sugar December 2026 | $515.40/t | −$19.40 / −3.63% | $510.60–529.70 |
March raws opened at 19.85 cents, below Friday’s 20.02-cent low, and reached only 19.89 before falling to 18.85. December whites also left a gap below Friday’s range: Monday’s $529.70 high remained beneath the previous session’s $531.50 low. Both recovered from their troughs but settled within the bottom quarter of their daily ranges.
The decline extended along the curve. May raws lost 1.11 cents to 18.53 and July fell 1.04 cents to 18.16. March whites dropped $21.40 to $528.80/tonne, while May lost $21.10 to $536.50. Raw turnover was the highest in the supplied one-month series, and white volume was the highest since 5 October.
March raws’ last trade matched settlement at 19.10 cents. December whites traded last at $514.50, below their $515.40 settlement, leaving a weaker late finish in London.
