Rogers Sugar Inc.

Rogers Sugar Inc.

October 30, 2015 16:01 ET

Canadian Trade Tribunal Continues Duties on Unfairly Priced US and EU Sugar

MONTRÉAL, CANADA--(Marketwired - Oct. 30, 2015) - The Canadian International Trade Tribunal (CITT) issued its decision to continue its 1995 finding against dumped and subsidized sugar from the United States ("US") and European Union ("EU"). Antidumping and countervailing duties will, therefore, continue to be applied to imports of such sugar.

The Tribunal concluded that, if its finding was revoked, there would be a resumption of dumped and subsidized imports of US and EU sugar into Canada and those imports would likely result in material injury to the Canadian sugar industry. The CITT finding concludes the fourth review of the Tribunal's initial 1995 finding - under Canadian law, a review of these findings must take place every five years.

"We are satisfied that the Tribunal continued its antidumping duties against the US and EU and recognized that the Canadian sugar industry is vulnerable to the trade distortions caused by both sugar regimes," stated Mr. John Holliday, President and Chief Executive Officer of Lantic Inc., a wholly- owned subsidiary of Rogers Sugar Inc. (TSX:RSI).

About Rogers Sugar Inc.

The Corporation is a corporation established under the laws of Canada. The Corporation holds all of the common shares of Lantic Inc. Lantic Inc. operates cane sugar refineries in Montreal, Quebec and Vancouver, British Columbia, as well as the only Canadian sugar beet processing facility in Taber, Alberta. Lantic Inc.'s sugar products are marketed under the "Lantic" trademark in Eastern Canada, and the "Rogers" trademark in Western Canada and include granulated, icing, cube, yellow and brown sugars, liquid sugars and specialty syrups.

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