Australia is the world’s fourth-largest exporter of honey and honey is the world’s third-most adulterated food. The recent study by Macquarie University scientists revealed that adulteration was found in almost one in five samples of local honey. The 18 % of 38 samples of Australian honey bought at supermarkets and markets were found to be adulterated. The study was published in the scientific reports general on 2 October 2018 and according to the study the mislabeling of geographic origin, addition of corn syrup or cane sugar are common fraudulent practices in honey markets.
Last month a German lab also found adulteration in various imported honey products which includes Capilano Honey Limited’s (ASX: CZZ) Allowrie branded honey and other private brand products. The German lab has used a testing method called Nuclear Magnetic Resonance (NMR), however on the other hand Australian honey industry is using C3 and C4 Sugar test which is also used by the Federal Agricultural department to test the purity of the honey. It is possible that the federal government may use NMR test for testing and Capilano Honey Limited has offered help for developing an NMR facility.
Capilano Honey Limited is the Australia’s largest producer of honey and it has rejected the findings of the Macquarie University Study and it is concerned that the samples which are tested in the study are not providing a true representation of the volume of honey produced by the Australian honey industry. The company has contacted many experts to assess the truth of the reported research.
It is expected that Australian Competition and Consumer Commission (ACCC) will expand their investigation to find if the companies have breached any Australian consumer law and misled the consumers about what is in their products. Australia Honey Bee Industry Council (AHBIC) issued a statement stating that they will investigate the findings of the research and it will meet the industry after the report is available to discuss and it has agreed to take actions for ensuring the high quality of Australian honey production. It will also decide whether any additional beekeeper training on good beekeeping practices is required or not.
Capilano Honey Limited’s (ASX: CZZ) share price decreased by 1.167% and traded at $20.330 as on 4 October 2018 (AEST 3:45 PM).
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