The Economic Times

MCX launches crude sunflower oil futures contracts to strengthen edible oil price risk management

The Multi Commodity Exchange of India has launched crude sunflower oil futures contracts. This move aims to provide risk management options for India's edible oil sector. The new contract will help participants hedge against price volatility and improve efficiency. India relies heavily on imports for its edible oil requirements. MCX seeks to deepen the edible oil ecosystem and enhance price risk management tools.