# Lula’s surprise election victory sends agricultural commodities tumbling

https://mins.news/en/item/123444

- Financial Times, 2026-10-31 05:00 UTC
- Economy
- Original: https://www.ft.com/content/f0ca6771-20a2-4146-bd3f-4796d3c86094?syn-25a6b1a6=1

> A steep fall in Brazil’s real has made the country’s exports more competitive, weakening farmers’ pricing power in other countries as agricultural commodity prices tumble.