Mumbai, Aug. 15 -- The Multi Commodity Exchange of India (MCX) has introduced 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. The import dependence exposes the domestic market to global price movements, international supply-demand dynamics, currency fluctuations and changes in competing edible oil prices.

Sunflower oil accounts for around 9% of India's edible oil consumption, with annual crude sunflower oil consumption estimated at around 3 million tonnes. Nearly 2.8 million tonnes of this requirement is met ...