Long term hold23 Mar 2009 18:02
Food prices don't go down Tate & Lyle sugar 93p a kilo -gone up a lot since November. Remember it at 52p abot 4 years ago when SP price about 269p. True other cheaper beet sugar producers and noticed one selling 1.5 kilo for £1 in Poundland which undercuts Tate quite a lot. European Commission interference in this market has been a drag but margins set to improve. Not the only thing they do -they provide othersugary products for food industry and drinks. Also involved in wheat and ethanol -a modest recovery in oil price and that is another engine restarted in this companies global business. Buy on any weakness for dividends and capital recovery in due course. Pat