Everest Industries

Nepal has banned these two spice brands after the news about high levels of ethylene oxide traces in the products

Spices Board of India on Monday said it is looking into the ban imposed by Hong Kong and Singapore on the sale of four spices-mix products of Indian brands MDH and Everest, which allegedly contain pesticide 'ethylene oxide' beyond permissible limits. While the food safety regulator of Hong Kong has asked consumers not to buy these products and traders not to sell, the Singapore Food Agency has directed a recall of the products. "We are looking into the matter. We are at it," Spices Board of India Director A B Rema Shree told PTI. The companies could not be contacted immediately. In its April 5 statement, the Hong Kong's Center for Food Safety (CFS) said that the samples of several kinds of pre-packaged spice-mix products of two Indian brands were found to contain a pesticide, ethylene oxide. These products are MDH's Madras Curry Powder (Spice blend for Madras Curry), Everest Fish Curry Masala, MDH Sambhar Masala Mixed Masala Powder, MDH Curry Powder Mixed Masala ...

This move comes after Hong Kong and Singapore food departments recalled some variants of spice mixes from both companies

The masala-maker company clarified that only one out of its 60 products have been held for examination in Singapore

MDH and Everest spices are among the most popular in India and are sold in Europe, Asia and North America. Exports totaled $4 billion in 2022-23, according to the Spices Board, the industry regulator

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Shares of Everest Industries hit an all-time high of Rs 748.90, rallying 14 per cent on the National Stock Exchange on Friday.

The stock hit a new high of Rs 637, up 9% on BSE after the company reported a net profit of Rs 94 million in Q3FY18 against loss of Rs 141 million in year ago quarter