Less Ads, More Data, More Tools Register for FREE

Pin to quick picksTate & Lyle Share News (TATE)

Share Price Information for Tate & Lyle (TATE)

Share Price is delayed by 15 minutes
Get Live Data
554.00    -15.00 (-2.64%)
Bid:
554.00
Ask:
554.50
Spread: 0.50 (0.09%)
Market Cap: £2.45b
TATE Live PriceLast checked at - London Stock Exchange

Intraday Tate & Lyle Share Chart

Corn refiners group drops push to change U.S. sugar program

Wed, 06th Apr 2016 21:11

By Chris Prentice

NEW YORK, April 6 (Reuters) - A lobbying group representingcorn syrup makers like Archer Daniels Midland Co andCargill Inc has dropped a push for changes to the U.S.sugar program after making a rare move last year in launching abid to reform the program.

The Corn Refiners Association (CRA), part of the powerfulU.S. corn lobby, has halted its efforts push to reform the U.S.farm program for sugar, an intricate network of price supportsand import quota often criticized by free-trade advocates.

"I didn't see a way we could win" at sugar reform, said JohnBode, President and Chief Executive Officer of the CRA. "So weput our efforts into other places."

Bode said the group decided to cease its the push in late2015 after it became clear efforts at a sugar program amendmentwould not see a vote in Congress. CRA is focusing on otherissues including labeling of "added sugars" andgenetically-modified organisms (GMOs), he said.

Of $340,000 the group spent lobbying on a range of issues in2015, at least $150,000 was focused on the sugar program alone,according to disclosures filed with the U.S. Senate.

In Washington, CRA's decision to abandon the push representsa return to the status quo. The group's move to launch anoffensive against sugar was considered a rare one: Farminterests typically do not join efforts to reform supportprograms for other crops. Sugar buyers have long sought changesto the program, which they say hampers trade and inflatesdomestic prices of the sweetener.

For the sweetener groups, the decision suggests a thawing ofrelations after years of battling for share of a shrinkingmarket and over the definition of the term "sugar" in thecourtroom. The sugar and corn industries settled that disputemid-trial in late November.

"It is our hope that the end of a long litigation willenable us to fully restore the relationship between our twoindustries," said a spokeswoman for the Sugar Association in anemailed statement, noting the group welcomes the opportunity towork with industry colleagues on common issues.

CRA terminated its relationship with external firms AlpineGroup Inc and Issue Management Inc in the fourth quarter of 2015after enlisting the groups to tackle the issue that year,according to filings.

Other members of CRA include Ingredion Inc and Tate& Lyle Plc's U.S. subsidiary. (Reporting by Chris Prentice; Editing by David Gregorio)

Related News

LONDON BROKER RATINGS: Exane BNP ups Bunzl; Berenberg says 'buy' WPP
9 Jun 2026

LONDON BROKER RATINGS: Exane BNP ups Bunzl; Berenberg says 'buy' WPP

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning and on Monday:

LONDON BRIEFING: GSK agrees to buy US cancer drug maker Nuvalent
9 Jun 2026

LONDON BRIEFING: GSK agrees to buy US cancer drug maker Nuvalent

(Alliance News) - GSK agrees to buy US cancer treatment firm Nuvalent for USD10.6 billion, AstraZeneca advances its own weight-loss treatment while Be...

Tate & Lyle News

Tate & Lyle tanks as Exane highlights Trump threat to US-Mexico relations
9 Nov 2016

Tate & Lyle tanks as Exane highlights Trump threat to US-Mexico relations

(ShareCast News) - Shares in Tate & Lyle tanked on Wednesday as Exane BNP Paribas downgraded its stance on the stock to 'underperform' from 'neutral' ...

UPDATE 1-Construction, pharma, gold miners seen as Europe's top Trump trades
9 Nov 2016

UPDATE 1-Construction, pharma, gold miners seen as Europe's top Trump trades

(Adds extra companies) LONDON, Nov 9 (Reuters) - Global markets reacted on Wednesday with concern to Donald Trump's surprise victory in the U.S. presi...

Construction, pharma, gold miners seen as Europe's top Trump trades
9 Nov 2016

Construction, pharma, gold miners seen as Europe's top Trump trades

LONDON, Nov 9 (Reuters) - Global markets reacted nervously on Wednesday to Donald Trump's surprise victory in the U.S. presidential election, but cons...

Monday broker round-up
7 Nov 2016

Monday broker round-up

(ShareCast News) - Acacia Mining: JP Morgan keeps at overweight with a target price of 620p. Indivior: Jefferies stays at buy, 450p target. Centrica:...

Sector movers: Stocks rattled by US political uncertainty
4 Nov 2016

Sector movers: Stocks rattled by US political uncertainty

(ShareCast News) - Political uncertainty was the main driver behind share price movements on either side of the Atlantic at the weekend. Stateside, a ...

Friday newspaper share tips: Tate&Lyle, Schroders
4 Nov 2016

Friday newspaper share tips: Tate&Lyle, Schroders

(ShareCast News) - Tate&Lyle continues to be an attractive proposition for investors despite recent sharp share price gains, The Times's Tempus said. ...

Friday broker round-up
4 Nov 2016

Friday broker round-up

(ShareCast News) - Coca Cola HBC: Barclays keeps at underweight with a target price of 1630p. Smith & Nephew: Jefferies stays at buy, 1395p target. M...