MCX Introduces Crude Sunflower Oil Futures Contracts

The Multi Commodity Exchange of India Ltd. (MCX) has introduced futures contracts on Crude Sunflower Oil in an effort to provide market participants with a transparent and efficient exchange-traded mechanism to manage price exposure.

India is heavily dependent on imports for edible oil, with approximately 60% of its requirement met through international sources.

Sunflower oil accounts for around 9% of India's edible oil consumption, with an estimated annual crude sunflower oil consumption of 3.0 million tonnes.