LONDON (MarketWatch) -- U.K. sugar producer Tate & Lyle (UK:TATE 455.40, +1.90, +0.42%) said Wednesday that underlying trading in the final quarter of fiscal 2010 has been in line with its expectations, but that currency fluctuations, in particular the stronger dollar, will benefit its reported results in the period. "Performance at our ingredients businesses in the Americas and Europe during the final quarter of the 2010 financial year has been in line with expectations. Margins in our E.U. sugar operations have remained consistent with those achieved in the third quarter, and, as anticipated, sucralose has continued to deliver volume growth at lower average selling prices," the company said. It added net debt at the end of March will be broadly similar to the 864 million pounds ($1.3 billion) reported for the end of December.
