Mumbai | The Multi Commodity Exchange of India Ltd. (MCX) today announced the introduction of futures contracts on Crude Sunflower Oil, expanding exchange-traded risk-management avenues for participants across India’s edible oil value chain.
India consumes an estimated 26–27 million tonnes of edible oil annually, with more than 60% of its requirement met through imports. This significant import dependence leaves the domestic market exposed to global price movements, international supply-demand dynamics, currency fluctuations and changes in the prices of competing edible oils.
Sunflower oil accounts for approximately 9% of India’s edible oil consumption, with annual crude sunflower oil consumption estimated at around 3.0 million tonnes. Nearly 2.8 million tonnes are met through imports, making the segment particularly sensitive to international price developments and global supply conditions.
The pricing of edible oils is closely interconnected, with influencing substitution patterns and the relative competitiveness of sunflower oil. This creates a need for market participants to manage price exposure across an increasingly interconnected edible oil complex.
Speaking on the launch, Ms. Praveena Rai, MD & CEO, MCX, said, The introduction of the Crude Sunflower Oil futures contract will provide market participants with a transparent and efficient exchange-traded mechanism to manage price exposure, while strengthening the development of the domestic edible oil market.”
The new contract is designed to provide importers, refiners, processors, traders and other value-chain participants with an exchange-traded mechanism to manage exposure to price volatility and improve the efficiency of their risk-management strategies.
The contract will be cash-settled, with prices quoted on an Ex-Tank JNPT basis, exclusive of applicable sales tax/GST.
With the introduction of the Crude Sunflower Oil futures contract, MCX further strengthens its role in facilitating transparent and efficient commodity markets and enabling participants across the value chain to better manage commodity price risk.
About MCX:
The Multi Commodity Exchange of India Ltd. (MCX) is India’s leading Commodity Derivatives Exchange and the largest Commodity Options Exchange globally (FIA 2025). Operational since 2003, MCX has a market share of over 98.5% in terms of the value of commodity futures contracts traded in Q1FY27. With pan-India presence, MCX serves as a dynamic platform for the Indian commodity market ecosystem, offering dual advantages of fair price discovery and efficient risk management. It offers trading in a diverse range of commodities, spanning multiple segments including bullion, energy, metals and agri commodities, as well as sectoral commodity indices. The exchange has forged strategic alliances with various international exchanges, as well as Indian and international trade associations.
For more information about MCX and its products, visit: www.mcxindia.com
