Cotton futures close higher

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ZHENGZHOU, Dec. 30 (Xinhua) -- Cotton futures closed higher Monday in daytime trading on the Zhengzhou Commodity Exchange (ZCE).

The most active cotton contract for May 2020 delivery gained 430 yuan (about 61.6 U.S. dollars) to close at 14,005 yuan per tonne.

On Monday, the total trading volume for six listed cotton futures contracts on the ZCE was 1,671,494 lots with a turnover of 116.2 billion yuan.

As the world's largest producer, consumer and exporter of textile, China listed cotton futures on ZCE in June 2004, helping cotton-related enterprises hedge the price risk. Enditem

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