Sugar futures close higher-Xinhua

Sugar futures close higher

Source: Xinhua

Editor: huaxia

2023-06-29 17:38:00

ZHENGZHOU, June 29 (Xinhua) -- Sugar futures closed higher Thursday in daytime trading on the Zhengzhou Commodity Exchange (ZCE).

The most active sugar contract for September 2023 delivery gained 1 yuan (about 13.85 U.S. cents) to close at 6,661 yuan per tonne.

On Thursday, the total trading volume for six listed sugar futures contracts on the ZCE was 710,652 lots with a turnover of 46.67 billion yuan.

As the world's important consumer and importer of sugar, China listed sugar futures on ZCE in January 2006, helping sugar-related enterprises hedge the price risk.