Sugar manufacturer Tate & Lyle said trading in the last three months has been at break-even level.

T& L said it would be raising prices in the second half of the year to offset price increases in wheat and maize due to dry weather in Europe.

The company said the first half of 2002 benefited from strong trading and unusual interest income.

T& L noted that results from its citric acid production line had improved following the acceleration of its Mexican plant in July.

Interim results will be published on November 6.