Raw sugar hits one-month low, cocoa and coffee also fall

By Reuters News14:22 (UTC), 3 November 2026 Updated

LONDON, Nov 3 (Reuters) - Raw sugar futures on ICE hit a one-month low on Tuesday, extending recent losses as funds scaled back long positions, while cocoa and coffee prices also fell.

SUGAR

* Raw sugar dropped by 3% to 18.49 cents per lb by 1413 GMT after setting a one-month low of 18.39 cents.

* Dealers said the market was extending a downward trend initially triggered by the result of Brazil's election, which led to a sharp decline in the country's currency and a pickup in hedge selling by Brazilian mills.

* The strong pace of sugar production in India during October has also contributed to recent weakness in prices.

* White sugar fell 1.6% to $501.30 a metric ton.

* Associated British Foods on Tuesday forecast another year of lower profit after reporting a 14% fall in earnings for 2025/26, pressured by deepening losses in its sugar business.

COCOA

* London cocoa lost 0.7% to £4,193 per ton after touching a one-month low of £4,157.

* Dealers noted the potential for a recovery in Ghana's cocoa production later this season while there also remain some concerns about weak demand.

* New York cocoa fell 0.5% to $5,409 a ton, having hit a one-month low at $5,343.

COFFEE

* ICE arabica coffee fell 1.6% to $2.8750 per lb.

* Dealers said the market was underpinned by short-term supply tightness although the outlook for next year's crops remains generally favourable.

* They noted that exchange stocks stood at 220,917 bags, as of November 2, down from 225,610 bags a week ago. At the same time last year stocks stood at 431,481 bags.

* Robusta coffee lost 0.9% to $3,213 a ton.

* Vietnam exported 1.569 million metric tons of coffee in the first 10 months of 2026, up 18.8% from the same period a year earlier, government data showed on Tuesday.