Sugar futures close higher-Xinhua

Sugar futures close higher

Source: Xinhua

Editor: huaxia

2024-09-18 17:16:30

ZHENGZHOU, Sept. 18 (Xinhua) -- Sugar futures closed higher Wednesday in daytime trading on the Zhengzhou Commodity Exchange (ZCE).

The most active sugar contract for January 2025 delivery gained 54 yuan (7.62 U.S. dollars) to close at 5,742 yuan per tonne.

On Wednesday, the total trading volume for six listed sugar futures contracts on the ZCE was 293,966 lots with a turnover of 16.91 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.