Live Spot Prices
Copper ( MCX ) 418.8 | Cotton ( MCX ) 22630 | Nickel ( MCX ) 928.5 | Cardamom ( MCX ) 1129 | Turmeric ( NCDEX ) 7050 | Jeera ( NCDEX ) 18710 | Cotton Seed ( NCDEX ) 1713.5
India resists call for advance notice to WTO on food export restrictions
Commodity Online | December 07 2017
UPDATED 10:27:17 IST

India's Pulses import may hit two-decade low this year

India, Indonesia to work together on sustainable Palm Oil

Centre to curb increasing sale and cultivation of unapproved HT Cotton

Sugar stockpile likely to double on record high output

Bangladesh strengthens position as largest importer of Indian Cotton

India has opposed a proposal that requires countries to notify well in advance any restriction they may impose on exports of food products.

“The move is not practical and undermines the very intent of imposing export restrictions”, a person privy to the development said.

India has at times banned exports of food items to keep prices in check when there is shortage in the domestic market. The proposal by Singapore has been made just ahead of the crucial WTO ministerial meeting from December 10-13 in Buenos Aires.

Japan and Israel, too, have demanded an advance notice of 30 days and reasons from those who impose export restraints.

India has also imposed minimum export price mostly on essential commodities like Onion, Wheat, Rice, Potato and edible oils in the past to discourage exports and augment domestic availability.

It has also opposed the requirement that a developing country provide data to justify that it is a net food importer as it reverses the prerequisite for a country to prove it is a net food importer as it reverses the prerequisite for a country to prove it is a net food exporter under the current WTO norms.

Though the WTO prohibits countries from using quantitative measures including export restrictions, they can be used under extremely limited circumstances and that too temporarily and only for essential commodities. This is the second proposal by Singapore seeking to limit countries' flexibility and control over their own food stocks.


Commodity Arrivals Rate
Mustard Oil 250 9000.00
Coconut Oil NR 25000.00
Arecanut NR 18500.00
Sugar NR 3900.00