Nestle may face strict action by Indian food regulator if found guilty in sugar controversy
FSSAI) on Thursday took cognisance of Nestle's Cerelac sugar case, reported ET NOW citing sources.
The regulator said that if found guilty, strict actions will be taken against the brand. A committee will be examining the matter, said FSSAI, as per ET NOW sources.
Nestle sugar controversy Nestle adds sugar to infant milk sold in less affluent nations including India but not in its primary markets like Europe or the UK, reported ToI. The revelation came to light when «Public Eye,» a Swiss investigative organization, and IBFAN (International Baby Food Action Network) dispatched samples of the company's baby food items marketed in Asia, Africa, and Latin America to a Belgian laboratory for examination.
In the lucrative Indian market, exceeding $250 million in sales in 2022, every Cerelac baby cereal variant contains supplementary sugar, averaging nearly 3 grams per portion. «Public Eye's» recent inquiry, disclosed on Wednesday, indicated that Cerelac wheat-based cereals tailored for six-month-old infants retailed by Nestle in Germany, France, and the UK are devoid of additional sugar. Conversely, the identical product harbors more than 5 grams per serving in Ethiopia and 6 grams in Thailand.
Meanwhile, Nestle India's stock price has recently dipped below its 100-day Simple Moving Average, currently standing at Rs 2526.2 at 9:30 am on Thursday. The percentage change today is -0.78%, with the 100-day SMA at Rs 2532.78. This movement indicates a potential shift in the stock's trend.
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