mardi 30 juin 2015

Instant karma

ON JUNE 30th, the Bombay High Court ruled that Nestlé, a multinational food-maker, could export its Maggi brand of two-minute noodles from India. But a ban on local sales remains in place—at least for now. The Swiss company was in court to try and overturn a ban imposed by the Food Safety and Standards Authority of India (FSSAI), a regulator, on June 5th. The agency found a sample of the market-leading noodles had excessive levels of lead and monosodium glutamate. Nestlé India, the multinational's local subsidiary, insisted the noodles were safe to eat. But the firm's executives recalled the product from stores, saying that the public’s trust had been compromised. It has so far incinerated more than 17,000 tonnes of noodles (see picture).

The hearing was adjourned until July 14th to allow Nestlé time to respond to affidavits from the FSSAI and from the Food and Drug Administration (FDA) of Maharashtra, another standards body. The FSSAI told the court it was not opposed to Nestlé exporting its noodles though it stood by its earlier decision to ban them in India. This looked like a odd case of double standards. But in large part...Continue reading

Source :Business and finance http://ift.tt/1HsvLIM

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