The performance in these areas would offset its weaker trade in Europe, said the company in a trading statement for the six months to 30 September 2012.
It added that adjusted operating profit would be in line with expectations and with the year before.
Sucralose had a better second quarter, but overall volumes for the first half will be down, said Tate & Lyle, because of “difficult market conditions” in Europe. It added that, in bulk ingredients, operating profit will be ahead of the year before in both the US and Europe.
In a statement, the company said: “Overall, while recognising the current level of uncertainty around the wider economy and volatile corn markets, we continue to expect to make progress this financial year.”
Tate & Lyle will announce its half-year results on 8 November.
Tate & Lyle: emerging markets show growth
27 September, 2012
Volume growth and increased sales for speciality ingredients in the US and emerging markets will help Tate & Lyle achieve its expectations for the first half, the global ingredients firm claimed this morning.
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