Real Good sugar price rise

1st Feb 2011 16:26

AIM-quoted Real Good Food Company is set to benefit from the soaring sugar price. Sugar supplier Napier Brown should have a good year as world-wide sugar prices reach record highs. The sugar market has been tough in recent years and last year Napier Brown had to navigate the changes in the EU sugar regime. Real Good Food Company did not suffer any loss of sales from the snow before Christmas. Trading in 2010 as a whole was in line with expectations. The 2010 figures will be published at the end of March. The Renshaw ingredients business put in its best ever performance and the expansion of Haydens Bakery is progressing well. Bank debt has been reduced to below £20m, which is better than expected.