Tate and Lyle to Raise Prices Amid Rising Costs
British ingredients maker Tate and Lyle plans price hikes to offset rising expenses from the Middle East conflict. The company maintained its annual forecast for modest revenue growth.
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Tate & Lyle PLC will raise product prices to offset surging shipping and energy costs driven by the extended Middle East conflict, the United Kingdom-based food ingredients maker said on Thursday morning. The pricing adjustments coincide with customer contract renewals for 2027. The move comes as the company navigates divergent regional demand and prepares for its multi-billion-dollar acquisition.
