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Nestle to destroy noodles a large quantity of worth $50m

Nestle to destroy noodles a large quantity of ¬†worth $50m.Nestle says it will destroy more than $50m ¬†worth of its hugely popular Maggi noodles, following a ban imposed by India’s food safety regulator.

India’s food safety regulator says tests have found the instant noodles “unsafe and harmful” and has accused Nestle of failing to comply with food safety laws.
The company insists that the noodles are safe and is challenging the ban.
Nestle has more than 70% of India’s direct noodles market.


Nestle to destroy noodles a large quantity of  worth $50m

“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,” Nestle said.For more detail please click Here.

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 analysis” of India’s food safety laws.

Nestle’s global chief executive 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.
The instant noodles arrived in India in 1983 and can be found in corner shops across the country.


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