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The company said in a trading update that its income for the six months to the end of September will be lower due to the fact that commodity prices are currently worse than they were last summer.
Profits "will not reach the level of the corresponding period", stated chief executive of the company Iain Ferguson.
Tate & Lyle said that it is "maintaining a key focus" on serving its customers, while at the same time improving cash management and reducing costs in order to cut overall capital expenditure.
It also predicted that demand in the food and drink markets will remain "resilient" over the full year, adding that it expects to reduce its net debt by March 2010.
Shares in the company were down 4.3p to 410.70p in London at 14:30 BST following the announcement.
