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FDA RULES EXTENSION WOULD SAVE INDUSTRY AND CONSUMERS OVER $2 BILLION

FDA RULES EXTENSION WOULD SAVE INDUSTRY AND CONSUMERS OVER $2 BILLION
 WASHINGTON, April 3 /PRNewswire/ -- A one-year extension of the Food and Drug Administration's deadline for implementing the Nutrition Labeling and Education Act would save the food industry and consumers more than $2 billion.
 "Meeting the current six-month deadline would cost industry -- and that means consumers -- $3.36 billion dollars," John R. Cady, president of the National Food Processors Association (NFPA), told members of the Ozark Food Processors Association in Springdale, Ark. "A one-year extension -- which is allowed under the law -- would reduce that figure by over one-half."
 NFPA has analyzed data from 55 food companies representing more than $27 billion in sales to determine the cost of the proposed six-month compliance period. For the entire industry, approximately 150 billion new packages and labels would need to be printed to comply.
 "Even ignoring the cost, we don't have the capacity to do all the nutrition analyses required, or to prepare and print all the new labels that will be needed under the current deadline of May 8, 1993," Cady pointed out. "We must have time to do it right. Trying to do too much to soon doesn't serve consumers -- and drives up the costs." Consumers, he noted, will ultimately bear the cost of the changeover.
 The National Food Processors Association's 500 member companies manufacture the nation's processed-packaged fruits and vegetables, meat and poultry, seafood, juices and drinks, and specialty products.
 -0- 4/3/92
 /CONTACT: Timothy Willard of the National Food Processors Association, 202-637-8060/ CO: Food and Drug Administration; National Food Processors
 Association ST: District of Columbia IN: SU: EXE


SB -- DC024 -- 4959 04/03/92 15:43 EST
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Publication:PR Newswire
Date:Apr 3, 1992
Words:279
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