Rogers Sugar Income Fund
TSX : RSI.UN

Rogers Sugar Income Fund

August 08, 2008 14:16 ET

Increase in U.S. Sugar Quota Starting August 14, 2008

MONTREAL, QUEBEC--(Marketwire - Aug. 8, 2008) - THIS MEDIA RELEASE IS NOT FOR DISTRIBUTION TO THE UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

On August 6, 2008, the United States Department of Agriculture (the "USDA") announced an increase of 272,155 metric tonnes raw value ("MTRV") to its refined sugar quota. On August 8, 2008, the USDA announced that 40,000 MTRV of the 272,155 MTRV quota was allocated specifically to Canada, 68,278 MTRV to Mexico, while the remaining 163,877 MTRV will be allocated to a global quota to be filled on a first come, first served basis. The quota will open August 14, 2008, and will close, at the latest, on December 31, 2008.

Rogers Sugar Income Fund (the "Fund") (TSX:RSI.UN), as the only producer of Canadian origin sugar through its Taber beet sugar plant, is the sole Canadian sugar refiner that will be able to enter refined sugar under the 40,000 MTRV Canada specific quota.

The Fund will also participate fully in the global 163,877 MTRV through its Montreal and Vancouver cane refineries.

About Rogers Sugar Income Fund

The Fund is an open-ended, limited purpose trust established under the laws of the Province of Ontario. The Fund 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.

Contact Information

  • Lantic Inc., Administrator of
    Rogers Sugar Income Fund
    Mr. Daniel L. Lafrance, Senior Vice-President of Finance and
    Chief Financial Officer and Secretary
    514-940-4844