Maggi meets Singapore's safety norm; Nestle up 2%

Media reports state that Maggi noodles manufactured in India has met the food safety standards of Singapore

Shares of Nestle India are trading higher by 2% to Rs 5,640 on the Bombay Stock Exchange (BSE) on media reports stating that the Maggi noodles manufactured in India has met the food safety standards of Singapore. CLICK HERE FOR MORE

Maggi noodles manufactured in India met local food safety standards and do not pose risks to consumers, the Agri-Food and Veterinary Authority of Singapore (AVA) said on Monday, Jun 8, according to Channel News Asia.

AVA had collected samples of the noodles for testing after India's food safety regulator declared that laboratory results obtained after testing Nestle India's Maggi instant noodle products are unsafe and hazardous for human consumption. Nestle India had earlier announced a recall of its Maggi noodles across the country. 

Meanwhile, government will decide on the damages to be sought from the company after taking into account inputs from the Food and safety and standard authority of India (FSSAI).

Previously, many states had banned the sale of Maggi noodles after higher amount of lead and MSG were detected in the samples, according to FSSAI.

The stock opened at Rs 5,575 and touched a high of Rs 5,699 on the BSE.