(Reuters) - British food ingredients maker Tate & Lyle Plc <TATE.L> said https://www.tateandlyle.com/news/tate-lyle-announces-price-increases-its-food-beverage-solutions-products-north-america on Friday it would increase price at its food and beverage unit in North America from Oct.1, blaming a rise in production costs.
The company, which traces its roots back to a sugar business in 1859, said it would raise the prices of its speciality food starches, fibres, speciality and high intensity sweeteners among others by 12%.
Tate & Lyle in May forecast broadly flat to low-single digit growth in earnings per share for 2020, with progress limited by lower profit from sucralose products and market challenges in primary products consisting of high-volume sweeteners, industrial starches and fermentation products.
(Reporting by Indranil Sarkar in Bengaluru; Editing by Arun Koyyur)
