Lotus said it withdrew products such as Madeleine cakes and frangipane waffles from supermarket shelves in Belgium as a precautionary measure, after it found traces of fipronil in some products.

"Lotus Bakeries wishes to emphasise that only a few batches are affected. Therefore, all Lotus Bakeries products currently in store comply with the relevant legislation," the company said in a statement.

Lotus Bakeries' shares ended the day 3.7 percent lower.

Retailers in several European countries have pulled millions of chicken eggs from supermarket shelves amid a scare over the use of the insecticide fipronil. Hundreds of thousands of hens may be culled in the Netherlands.

(Reporting by Robert-Jan Bartunek; Editing by Susan Fenton and Jane Merriman)