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Friday, May 30, 2014

Indonesia says testing Cadbury products after Malaysia halal uproar, (NASDAQ: MDLZ)

Indonesian authorities said on Friday they were testing products made by British confectioner Cadbury to check they complied with Islamic standards after two chocolate varieties in neighbouring Malaysia were found to be contaminated with pork DNA. The scandal over the ingredient banned under Islamic dietary laws has sparked outrage among some Muslim groups in Malaysia, who have called for a boycott on all products made by Cadbury and its parent Mondelez International Inc.Concerns over halal food standards could jeopardise Mondelez's sales in Muslim markets that are larger than Malaysia, such as Indonesia, home to the world's largest Muslim population, and the Middle East."After such an incident, it is prudent to do a test on the other variants to see if they also have traces of the pig DNA. We may have the result in a few days," Roy Alexander Sparingga, head of Indonesia's Food and Drug Monitoring Agency, told Reuters.Sparingga said the tests would be done on the 10 varieties of Cadbury products that are certified in Indonesia as halal - or permissible according to Islamic law. Those products did not include the two types of Dairy Milk chocolate that Cadbury Malaysia recalled this week after finding pork traces.

Mondelez International, Inc. (Mondelez International) is a snack manufacturing company. Shares of MDLZ traded higher by 0.21% or $0.08/share to $37.48. In the past year, the shares have traded as low as $28.22 and as high as $38.47. On average, 9019740 shares of MDLZ exchange hands on a given day and today's volume is recorded at 6706867.



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