Agri-Food and Veterinary Authority Allows to0 Resume Maggi Sales in Singapore
Published By : 10 Jun 2015 | Published By : QYRESEARCH
It was only last week that following the row over Maggi noodles in India, the food regulator in Singapore had asked the retailers to stop selling the product. However, after week the food regulator of Singapore has declared Maggi noodles, those which were imported from India are not risky for health. This indeed has brought some respite to Nestle. Owing to excessive lead content and mislabeling on the product packaging in Maggi, several state governments in India has asked the company to withdraw products from the retail shelves in India.
The AVA or Agri-Food and Veterinary Authority of Singapore has given a nod for India-manufactured Maggi to resume its sales in the city state. After the news of Singapore regulatory bodies ordering resumption of the product on the local market, the Nestle India ones again surged on the news. The company ended up at 9.4% in the National Stock Exchange, thereby the biggest daily increase in the last five years. After the news surrounding MSG content in Maggi broke last week in India, the share of the company plunged by more than 10 per cent. The situation had further culminated into the nationwide withdrawal of the product which was considered as one of the most favorite food products in the country.
According to a report published in The Straits Times, the results of the quality tests conducted on Maggi on the AVA laboratory showed that the instant noodle met local standard of food safety. This brought a great relief to the producers. The Maggi imported by Singapore is similar to the amount of product sold in India, said a spokesperson on behalf of the company. He also added that products sold in Singapore is manufactured from the same plant.
AVA laboratories also conducted quality tests on the Maggi noodles produced in other countries, and all of these as well met with safety standards.