Nestle to destroy Maggi worth Rs 320 crore

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Nestle India has said that it was considering destroying Maggi noodles after it was banned in India due to presence of high level of lead and taste enhancer monosodium glutamate.

Earlier this month, Nestle India had decided to withdraw Maggi from the market on Thursday late evening, after six states, including Delhi and Gujarat, imposed a ban on the instant noodles following a food scare ignited by reports of excess lead content in some packets of the snack.

The company said that it was in the process of withdrawing the stock of instant noodles and and destroying it.

Informing the Bombay Stock Exchange, Nestle India said, “The estimated sales value of the stock in the market including those with our trade partners is around Rs 210 crore. In addition, there was Maggi noodles and related materials in our factories and distribution centres when the withdrawal was announced and the estimated value of these is around Rs 110 crore.”

The central food safety regulator FSSAI had banned Maggi before ordering Nestle to recall nine variants of Maggi noodles from the market.

FSSAI had found all the nine variants of the instant noodles “unsafe and hazardous for consumption”, and ordered, “Withdraw and recall all the nine approved variants of its Maggi Instant Noodles from the market having been found unsafe and hazardous for human consumption, and stop further production, processing, import, distribution and sale of the said product with immediate effect.”

 

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