Categories: Business

Maggi Noodles Recall: Nestle India to Destroy Noodles Worth $50 Million

More than $50 million worth of Nestle’s hugely popular Maggi noodles will be destroyed, following a ban imposed by India’s food safety regulator.

India’s food safety regulator says tests have found the instant noodles “unsafe and hazardous” and has accused Nestle of failing to comply with food safety laws.

Nestle insists that the noodles are safe and is challenging the ban.

The company has 80% of India’s instant noodles market.

Nestle said in a statement that value of withdrawn noodles include stocks taken off the shelves and stocks stored in factories and with distributors.

The company said: “There will be additional costs to take into account, for example bringing stock from the market, transporting the stock to the destruction points, destruction cost etc. The final figure will have to be confirmed at a later date.”

Earlier this month, Nestle began withdrawing the Maggi brand from stores, after regulators said they found higher-than-allowed levels of lead in some packets.

The company is challenging the ban in the high court in the city of Mumbai and “raised issues of interpretation” of India’s food safety laws.

Nestle CEO Paul Bulcke has asked to see the results of the laboratory tests and promised to return Maggi to store shelves soon.

Several states have also been testing the noodles for the chemical monosodium glutamate, widely known as MSG.

Clyde K. Valle

Clyde is a business graduate interested in writing about latest news in politics and business. He enjoys writing and is about to publish his first book. He’s a pet lover and likes to spend time with family. When the time allows he likes to go fishing waiting for the muse to come.

Recent Posts

Donald Trump and Elon Musk Celebrate Election Victory at UFC 309

Image source: Wikimedia Commons President-elect Donald Trump celebrated his election victory at the Ultimate Fighting…

14 hours ago

White House 2024: Donald Trump Wins, Kamala Harris Calls Him to Concede Election

Millions of voters across the US chose to return Donald Trump to the White House…

2 weeks ago

Who Won? Donald Trump Declares Victory as He Addresses Jubilant Supporters in Florida

Donald Trump declares victory in the US election as he addresses jubilant supporters in Florida.…

2 weeks ago

Stocks Soaring as Donald Trump Closes in on US Victory

Stocks around the world are rising as Donald Trump appears to be on the cusp…

2 weeks ago

Who Won? Kamala Harris Cancels Election Night Party as Path to Victory Narrows

Donald Trump has won Pennsylvania, North Carolina and Georgia and taken a lead over Kamala…

2 weeks ago

Quincy Jones Dead at 91

Quincy Jones, the celebrated musician and producer who worked with Michael Jackson, Frank Sinatra, Ray…

2 weeks ago