date:May 30, 2014
Tate Lyle posted a drop in profit and forecast a further weakening in the new year, as the British food ingredients firm feels the chill from a cold winter in the United States and stiff competition for its sucralose.
The company, which sells a range of sweeteners including sucralose under the Splenda brand, said in February that sucralose prices would be about 15 percent lower in the new fiscal year.
That was due to an influx of cheaper Chinese rivals and a glut of unsold inventory there. Ta