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Informist, Thursday, Aug. 13, 2026

 

--MCX launches sunflower oil futures at the Global Commodity Conclave 2026 

 

MUMBAI – The Multi Commodity Exchange of India announced the expansion of its agriculture futures portfolio with the launch of crude sunflower oil futures contracts. This contract will be settled in cash with prices quoted on an "ex-Tank JNPT (Jawaharlal Nehru Port Trust) basis", exclusive of applicable sales tax.

 

"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," Managing Director and Chief Executive Officer Praveena Rai said during the launch at the Global Commodity Conclave here Thursday.

 

The contract is expected to give importers, refiners, processors, traders, and other value-chain participants an exchange-traded mechanism to manage price exposure. Sunflower oil accounts for around 9% of India's edible oil consumption with annual crude sunflower oil consumption of around 3 million tonnes. Of this, nearly 2.8 million tonnes come through imports, which makes the segment sensitive to global prices and supply conditions.

 

"The pricing of edible oils is closely interconnected, 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," according to the exchange. India's annual edible oil demand is around 26-27 million tonnes, with over 60% of the demand being met through imports.

 

The sunflower oil contract adds to the bourse's existing agriculture portfolio of cotton, cardamom, and mentha futures. Rai had said Wednesday that agriculture remains an important focus for MCX, although several large grains, seeds, and oils are not permitted to be traded on commodity derivatives markets. The exchange is focusing on commodities such as spices, where India is a major exporter and price-setter.  End

 

Reported by Ashutosh Pati and Sagar Sen

Edited by Rajeev Pai

 

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