More of the same from Tate and Lyle

Sweeteners giant Tate and Lyle said trading in the final quarter of its financial year has been in line with expectations, consolidating a good performance for the year.

In Speciality Food Ingredients, Tate & Lyle (T&L) has achieved good sales value growth with volume growth across all major product categories.

Within Bulk Ingredients, sweetener volumes have remained strong with isoglucose margins improving in Europe during the second half on the back of higher sugar prices. During the year T&L also benefited from firmer industrial starch margins in Europe despite market conditions having started to soften recently against the backdrop of a more challenging macro-economic environment.

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After an exceptionally strong first half, income from co-products has reverted to more normal levels during the second half, the company said.

JH