Taiwan food and drug agency finds excessive pesticide residues in TWG Tea product
TAIWAN'S Food and Drug Administration has found excessive levels of pesticide residues in TWG Tea's "Chamomile Green Tea" that was exported from India, the agency said in a Sept 29 notice found here:
https://consumer.fda.gov.tw/Food/detail/UnsafeFoodD.aspx?pid=4795
The report is making the rounds in Hong Kong, where the luxury tea seller has a glitzy outlet at IFC Mall.
TWG Tea is owned by Singapore mainboard-listed OSIM International.
The Business Times is awaiting comment from TWG Tea and OSIM.
A year ago, mainboard-listed traditional Chinese medicine retailer Eu Yan Sang had to reassure customers and investors after a US Food and Drug Administration (FDA) alert warned of a lead-poisoning risk from its best-selling "Bo Ying Compound" product.
Eu Yan Sang said then that varying health standards were in force in different territories, and that the product in the US health scare was made in Hong Kong and meant only for sale there.
OSIM shares last traded at S$1.63 on Friday morning, up half a cent from Thursday's close.
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