Food giant Nestlé is expected to burn more than $50 million worth of its popular Maggi noodles, according to reports.
The move comes after Nestlé’s Indian unit pulled the noodle brand from supermarket shelves as concerns over levels of lead found in the product triggered investigations by at least six Indian states and a reported import ban by Nepal.
The food maker has responded by stating that accusations of higher than permissible levels of lead in Maggi noodles were “unfounded” and that its products were safe. Nestle has 80 per cent of India's instant noodles market.
bbc.com reports that the value of withdrawn noodles include stocks taken off the shelves and stocks stored in factories and with distributors.
"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, as reported by bbc.com.
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