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Sunflower seed oil futures and options launched on the Zhengzhou Commodity Exchange on November 12, with four initial contracts at a benchmark of 10,000 yuan per tonne. The main contract closed its first day at 10,133 yuan per tonne, up 1.33%.
The new contracts give Chinese edible oil importers and processors a hedging tool and may help build a domestic price reference for sunflower oil. The launch itself has no immediate effect on supply.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.