It�s incorrect to assume that decay cannot occur without oxygen. There are many species of anaerobic bacteria that do not require oxygen to thrive, and although decay may not be complete and rapid, it will certainly occur in the presence of anaerobic microorganisms. Sufficient decay by anaerobic organisms over decades would make the biscuits inedible. The anaerobic bacteria could have been introduced from those previously in contact with the biscuits.
Similarly, mould spores or other fungi would have been introduiced into the tin with the biscuits. Although this is more likely had the biscuits been loose in the tin, they could be in the sealed packaging. Mould spores of hundreds of species are present in every cubic centimetre of air that we breathe, and it would be impossible to exclude them from the tin without specialised filtration. Moulds require only a very limited amount of moisture to thrive and sufficient would be present on the biscuits. In the right circumstances, condensation could form on the internal walls of the tin providing ample moisture anyway. The darkness in the tin would not prevent mould growth and air contained in the tin would allow mould to survive for many decades.
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