PureCircle has US border restrictions lifted

10th Jan 2017 09:15

(ShareCast News) - PureCircle, a producer and marketer of high purity stevia ingredients, has announced that the US Customs and Border Protection (CBP) have decided to release the company's refined stevia consignments after its investigation into the products.The hold up at the US border has been a setback for the company with profits expected to be 14% lower in the first half of 2017.The company is continuing to work with the CBP on the removal of the Withhold Release Order (WRO) to prevent further disruption to its shipments in future.Chief executive Magomet Malsagov said: "We fully support CBP's commitment to ensuring that proper and fair labour has been used in the production of any product entering the USA. PureCircle is fully committed to human rights in all parts of its business and supply chain. We operate a robust system of checks and balances and ensure that all our suppliers adhere to a strict Supplier Code of Conduct. We are pleased that the CBP has confirmed that PureCircle's shipments are compliant with law and have been released."The share price rose 8.87% to 307p at 1040 GMT on Tuesday.