Tate & Lyle and the Fiji Sugar Corporation have an agreement on the long-term supply of raw sugar for preferential import into the EU.
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The contract for the supply of up to 300,000 tonnes of sugar per year will run until 2015.
“This is a positive move for our European sugar business and follows recent announcements such as the switch of the UK retail brand to Fairtrade; investment in renewable energy technology at our Thames Refinery; and investments in Lao and Italy,” said Ian Bacon, Tate & Lyle Sugars CEO
Tate & Lyle and FSC have had long-term supply agreements since 1975.
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By GlobalData
