Tate & Lyle to meet expectations

Tate & Lyle expects to make progress for its full-year after seeing broadly similar margins, having fixed prices for its 2011 North American pricing round for its corn sweeteners and starches. The company also said yesterday that it had raised the price of its corn sweeteners by up to a fifth to offset soaring corn costs and hold profit margins steady. The London-based group, which makes sweeteners like Splenda, starches and ethanol, said it was on track to meet its expectations for its year to the end of March 2011.