Maggi (Noodles) Updates

[Dileep Kumar]

Nestle Sinks 10% as Crackdown Looms Over Maggi Noodles

Shares in Nestle, the company that makes Maggi noodles, dropped nearly 10 per cent in morning trade on Wednesday. The selloff in Nestle comes amid a raging controversy about its most popular product Maggi, which has come under a country-wide scrutiny for high content of lead and mono-sodium glutamate or MSG, a taste enhancer.

According to analysts, Maggi noodles contribute over 20 per cent to Nestle's revenues and a ban on the product could cause a huge dent to Nestle's bottom line.

Kerala has ordered a pullout of Maggi noodles from government-run outlets, while the Delhi government has said samples that it tested were found "unsafe". Delhi government's findings come days after Uttar Pradesh Food and Drugs Administration (FDA) raised red flags about Maggi noodles.

Haryana, Gujarat, West Bengal, Karnataka and Goa are some other states that are conducting tests on Maggi, according to media reports.

Nestle India has said that it has got samples of Maggi noodles tested in an external laboratory as well as in house and that the product was found "safe to eat".

Investors should avoid bottom-fishing in Nestle shares:
Market analysts told NDTV that investors should avoid buying Nestle shares, given the controversy around its products.

Gaurang Shah of Geojit BNP Paribas told NDTV that Nestle should be "avoidable" as of now as the problem is going to multiply.

Rajat Bose, independent analyst, told NDTV that there is substantial downside in Nestle as the stock looks set to breach its 200-day exponential moving average.

As of 09.37 p.m., Nestle traded 4.52 per cent lower at Rs 6,499.90.

Nestle Sinks 10% as Crackdown Looms Over Maggi Noodles - NDTVProfit.com

 

[SENTHIL KUMAR]

This is time to come back to nature.

 

[Thakur]

Close on the heels of the UP government decision, the Haryana government on Tuesday decided to test Maggi products across the state and warned of strict action against the company if the results threw up any damning evidence . Signalling growing trouble for Nestle India, manufacturers of Maggi, Haryana Health Minister Anil Vij ordered the sampling of Maggi noodles across the state.
“We have taken cognisance of reports of alleged lapses of food safety standards in Maggi noodles.

I have ordered my department to lift samples of these noodles from across the state for laboratory testing. I have asked the Director General of Health Services to direct all Chief Medical Officers in the state to depute staff to lift the samples from every district.

The samples will be lifted randomly from the districts,” he said.
As for testing the samples, the minister said, “We have good laboratories in our state. Moreover, if need be, we can get the samples tested by reputed laboratories from outside the state as well.’’

According to him, “If any lapses in food safety standards are found in the tests, the state government will take strict action. Then, we will ask the (company) concerned to withdraw all stocks of Maggi noodles from the state,” he said.
Furthermore, Vij said a case had been filed against Maggi in relation to Food Safety Standards in a Court in Barabanki district of Uttar Pradesh, based on which of Haryana Health Department was also directed to get the quality checked.

Meanwhile in neighbouring Himachal Pradesh, an NGO– Umang Foundation-- has sought a ban on the sale and advertisements of Maggi noodles in the state. Surinder Kumar, trustee of the foundation, claimed that the samples collected by the authorities in UP and Uttarakhand have proved that Maggi had poisonous contents which could lead to serious ailments in children. He urged the Himachal government to collect the samples and conduct similar tests, so that the procedure to enforce a ban on it in the state could begin.

He said that Maggi Noodles are harmful for health due to its poisonous ingredients which has been proved by the laboratory tests in these two states. The tests showed that Maggi contained 17 parts per million lead (PPM) of MSG, where as the permissible limit is 0.01 PPM.
Maggi Health in a Mess as States on Test Mode -The New Indian Express

 

[Anup Tiwari]

Delhi bans Maggi sales in
government stores: Times Now

 

[Anup Tiwari]

Big bajar will not sale Maggi

 

[Anup Tiwari]

Maggi row: Clean chit from
Maharashtra, Goa; No excess lead,
says Kerala

 

[Thakur]

Nestled in controversy over the presence of lead beyond permissible limits in its popular noodle brand Maggi, Nestle India has found itself in a soup. As Barkha Dutt tweeted, it could well be “The Two Minute death of a brand #Maggi.”

What’s more, a domino effect followed immediately with the recent detection of creepy-crawlies in Nestle’s other food product Nan Pro-3.

A brand being embroiled in controversy is not something new with the likes of Cadburys and cola companies having faced similar problems in the not so distant past. About a decade ago, there was uproar over worms being found in Cadbury chocolates. On that note, the company said that since most stores in India at that time didn’t have refrigerators, which affected the product. Similarly cola brands were hit with the pesticide crisis in early 2000, which wiped off their growth for over two years.

In testing times like these for brand Maggi, the big question on everyone’s lips is… could this hullabaloo well sound the death knell for the brand, which has been around in India for decades?

Speaking to Indiantelevision.com about the controversy, Kwan Entertainment & Marketing Solutions COO Indranil Das Blah strongly believed that if Maggi is being held accountable, so should the government for the simple reason that it has been approved by the Food Safety and Standards Authority of India, which is a government body.
http://www.indiantelevision.com/mam/marketing/brands/nestled-in-controversy-brand-maggi-in-a-soup-150603

 

[iamspock]

In My state. The shops still have them but i see people avoiding them. I remember few years ago as similar complaint was made against Maggi and they came back from it. Let us wait and see this time .One thing is noodles are synonymous with Maggi and it is hard hit for noodle industry

 

[Dileep Kumar]

Maggi samples being tested in Telangana

Hyderabad:The samples of Maggi instant noodles are being tested at a lab here as part of the nationwide exercise over the alleged presence of mono-sodium glutamate (MSG) and lead in their food products.

"We have taken 22 samples from our state. We have sent them for screening, actual reporting time is two weeks maximum", K Amarender Reddy, Director of Institute of Preventive Medicine (IPM), Telangana, stated in Hyderabad.

"The samples were lifted on Monday last", he said.
"The testing is being done as part of the nationwide drive on the directives from the Central food safety body", Reddy added.
"It is a directive, not from the state government. Directive from the Central food safety... The directive has gone to all states to lift the samples. We look for those two items, mono-sodium glutamate and lead", he said.

"Andhra Pradesh shares the lab here with Telangana", IPM official for AP government Dr Manjari said.

http://www.sakshipost.com/index.php...ested-in-telangana.html?psource=Home-Category

 

[Dileep Kumar]

Maggi banned in Uttarakhand