MONTREAL and VANCOUVER, British Columbia, August 6, 2021 (GLOBE NEWSWIRE) – Rogers Sugar Inc. (the “society” or “Rogers Sugar(TSX: RSI) is pleased to acknowledge that the Canadian International Trade Tribunal has issued a decision to continue its orders against dumped and subsidized sugar from the United States (US), the European Union (EU) and United Kingdom (UK). Following this announcement, anti-dumping and countervailing duties will continue to be applied on sugar imported from these regions.
“The Tribunal’s ruling recognizes that Canadian sugar producers are vulnerable as long as the distortions created by the US, EU and UK sugar programs continue,” said Sandra Marsden, President of the Institute. Canadian sugar. “So far, global and regional trade negotiations have not resulted in a significant change in the one-way trade situation with the US, EU and UK. Until these distortions are eliminated, the open Canadian sugar market represents an attractive destination for surplus sugar, and the maintenance of these tariffs is essential to restrain unfair competition.
“We are pleased that the CITT has recognized the level playing field and decided to maintain the anti-dumping and countervailing duties. This decision will help maintain a vital Canadian sugar industry that operates under world market conditions. In the context of the pandemic, many have recognized the importance of supporting Canadian food security and providing Canadian consumers and food manufacturers with a stable and reliable supply of products, ”said John Holliday, President and CEO of the direction of Lantic.
About Rogers Sugar Inc.
Rogers is a corporation incorporated under the laws of Canada. The Company owns all of the common shares of Lantic and its administrative office is located in Montreal, Quebec. Lantic operates cane sugar refineries in Montreal, Quebec and Vancouver, British Columbia, as well as Canada’s only sugar beet processing facility in Taber, Alberta. Lantic also operates a custom blending and packaging operation and distribution center in Toronto, Ontario. Lantic sugar products are marketed under the “Lantic” trademark in Eastern Canada and the “Rogers” trademark in Western Canada and include granulated, icing, cubed, yellow sugars. and brown, liquid sugars and specialty syrups. Lantic owns all of the common shares of TMTC and its head office is located in Montreal, Quebec. TMTC operates bottling plants in Granby, Dégelis and St-Honoré-de-Shenley, Quebec and Websterville, Vermont. TMTC’s products include maple syrup and maple syrup products supplied under retail private labels in over fifty countries and are also sold under various brands, such as LB Maple Treat, Great Northern, Decacer and Highland Sugarworks.
FOR MORE INFORMATION, PLEASE CONTACT:
Mr. Jean-Sébastien Couillard
Vice-President of Finance, Chief Financial Officer and Corporate Secretary
Phone: (514) 940-4350